The inflation data from the US will bring some volatility to the market. EUR is trying to beat the USD bulls.
The support rests at 1.23020 with resistance at 1.23520 which the weekly pivot point at 1.23400 is located in between the lines. The EMA of 10 is moving with bullish bias in the ascendant channel and it is below the EMA of 200 and the EMA of 100. The RSI is moving on the 50 level, the Stochastic is moving in high ranges and the MACD line is on the signal line in the neutral territory. The ADX is not showing any clear signals.
The pair will be consolidating within the Bollinger bands.

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