EUR was supported after Draghi’s speech.
The support rests at 1.06910 with resistance at 1.07090 which both lines are above the weekly pivot point at 1.06310. The EMA of 10 is moving with bullish bias along the ascendant channel and it is above the EMA of 100 and 200. The RSI is moving in the overbought area, the Stochastic is showing upward momentum and the MACD indicator is in positive territory. The ADX is showing strong buy signals.
The resistance area seems to be strong to be broken therefore pullbacks are happening soon targeting 1.65 area.

eurusd analysis