The US-China trade war is putting USD under pressure. ECB Press Conference will bring some volatility to the market.
The support rests at 1.15960 with resistance at 1.16590 which both lines are above the weekly pivot point at 1.15800. The EMA of 10 is moving with bullish bias in the ascendant channel and it is above the EMA of 200 and below the EMA of 100. The RSI is moving above the 50 level, the Stochastic is moving in high ranges and the MACD line is above the signal line in the positive territory. The ADX is not showing any clear signals.
The indicators are showing upward trend but it seems that EURUSD stay quiet and fluctuate within the support and resistance area.
