Regardless of the weak US retail sales data USD has been empowered.
The support rests at 1.23510 with resistance at 1.23850 which both lines are above the weekly pivot point at 1.23400. The EMA of 10 is moving with bullish bias in the ascendant channel and it is above the EMA of 200 and the EMA of 100. The RSI is moving on the 50 level, the Stochastic is showing upward momentum and the MACD line is above the signal line in the positive territory. The ADX is not showing any clear signals.
The pair will be consolidating within the Bollinger bands and later we are expecting a bullish trend.

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