Yields on government bonds had a slight increase. Yesterday Federal Reserve Chairman Jerome Powell’s speech put pressure on USD but EUR growth had begun before that. Investors have lost their interest in USD.
The support rests at 1.19430 with resistance at 1.20030. The weekly pivot point at 1.18550 is located below the lines. The EMA of 10 is moving with bullish bias in the ascendant channel and it is above EMA of 200 and the EMA of 100. The Stochastic is moving in high ranges, the RSI is moving in overbought area and the ADX is showing buy signal. The MACD indicator is in positive territory.
Data on the consumer price index of the Eurozone may empower EUR today so buyers can target 1.20500.