There are no major economic reports in Eurozone however the US is publishing Retail Sales and Empire State Manufacturing Index.
The support rests at 1.18920 with resistance at 1.19370 which both lines are below the weekly pivot point at 1.19970. The EMA of 10 is moving with bearish bias in the descendant channel but it is above the EMA of 200 and below the EMA of 100. The RSI is rising towards the 50 level, the Stochastic is showing upward momentum and the MACD indicator is in negative territory. The ADX is not showing any clear signals.
Long positions are recommended towards the 61.8 level of Fibonacci.

eurusd analysis