While EURUSD has been ignoring the fundamental data, yesterday the volatility was too low. European Central Bank President Christine Lagarde is speaking today and her statements cannot be ignored.
The support rests at 1.21910 with resistance at 1.22390. The weekly pivot point at 1.22550 is located above the lines. The EMA of 10 is moving with bullish bias in the long term ascendant channel and it is above the EMA of 200 and below the EMA of 100. The Stochastic is moving in high ranges, the RSI is moving on level 50 and the ADX is showing buy signal. The MACD indicator is in positive territory.
As the indicators are showing bullish signs, buyers can expect 1.22700 but there will be a strong resistance.
