The US-China trade issue and the strong US retail sales data gave some momentum to USD.
The support rests at 1.16140 with resistance at 1.16480 which the weekly pivot point at 1.16240 is located in between the lines. The EMA of 10 is moving with bearish bias in the descendant 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 moving in low ranges and the MACD line is below the signal line in the negative territory. The ADX is not showing any clear signals.
Short positions are recommended towards the lower Bollinger band at 1.155.
