The fundamental background for EURUSD is remaining neutral however the new cases of coronavirus is falling down in the US.
The support rests at 1.17600 with resistance at 1.18470 which the weekly pivot point at 1.17990 is located in between the lines. The EMA of 10 is moving with bullish bias in the horizontal channel and it is above the EMA of 200 and the EMA of 100. The RSI is rising above level 50, the Stochastic is moving in high ranges and the MACD line is above the signal line in the positive territory. The ADX is showing buy signal.
Considering the price growth, buyers can target the previous high at 1.19100.
