EURUSD has been growing slowly. Today the US retail sales will be reported and the ECB chairman will deliver a speech which might not be influential for EURUSD. USD may face some pressure deriving from Corona crisis.
The support rests at 1.18370 with resistance at 1.18820 which both lines are above the weekly pivot point at 1.18330. The EMA of 10 is moving with bullish bias in the ascendant channel and it is above the EMA of 100 and 200. All indicators are showing upward trend but the RSI is falling towards level 50.
As long as the bullish pressure remains, 1.19000 can be expected.
