USD was empowered by the strong inflation and retail sales data.
The support rests at 1.20280 with resistance at 1.20610. The weekly pivot point at 1.20960 is located above the lines. The EMA of 10 is moving with bearish bias in the descendant channel and it is below the EMA of 100 and the EMA of 200. The Stochastic is moving in low ranges, the RSI is moving in oversold area and the ADX is showing sell signal. The MACD indicator is in negative territory.
Considering the bearish pressure, sellers can target 1.19500.

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