Employment Change YoY and industrial Production YoY reports are the key economic factors for Eurozone along with the US which will publish Core PPI and Crude Oil Inventories.
The support rests at 1.19520 with resistance at 1.19900 which both lines are below the weekly pivot point at 1.19970. The EMA of 10 is moving with bullish bias along the ascendant channel and it is above the EMA of 200 and the EMA of 100. The RSI is moving horizontally on the 50 level, the Stochastic is showing upward momentum and the MACD indicator is in neutral territory. The ADX is showing buy signals.
EURUSD will continue its bullish trend towards 1.20.

eurusd analysis

eurusd