Yesterday’s ECB meeting did not move the market much but EUR got a bit of a support.
The support rests at 1.18060 with resistance at 1.18520 which both lines are below the weekly pivot point at 1.18770. The EMA of 10 is moving with bullish bias in the ascendant channel and it is above the EMA of 200 and below the EMA of 100. The RSI is moving on level 50, the Stochastic is moving in low ranges and the MACD line is above the signal line in the positive territory. The ADX is showing buy signal.
Considering the price growth EURUSD is not going to break the upper Bollinger band, the pair will be consolidating within the Bollinger bands.
