EURUSD was moving in a unknown manner for the week. The fundamental reports had no direct impact on the pair.
The support rests at 1.20970 with resistance at 1.21490. The weekly pivot point at 1.20460 is located below the lines. The EMA of 10 is moving with bullish bias in the ascendant channel and it is above the EMA of 100 and the EMA of 200. The Stochastic is moving in low ranges, the RSI is falling towards level 50 and the ADX is not showing any clear signals. The MACD indicator is in negative territory.
While indicators are showing mixed signals, we will remain bullish targeting 1.21850.