While EUR was supported after Draghi’s speech, the US Import and export data could not support USD.
The support rests at 1.19380 with resistance at 1.19800 which both lines are above the weekly pivot point at 1.19130. 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 above the signal line in the positive territory. The ADX is showing buy signal.
Long positions are recommended towards 1.20.