USD has been under pressure after the weak NFP data.
The support rests at 1.17800 with resistance at 1.18400 which both lines are above the weekly pivot point at 1.17390. The EMA of 10 is moving with bullish bias along the ascendant channel but it is below the EMA of 200 and the EMA of 100. The RSI is moving in overbought area, the Stochastic is moving in high ranges and the MACD indicator is in positive territory. The ADX is showing buy signals.
Long positions are recommended towards 1.20.

eurusd analysis