The EUR is going back and forth during the Monday trading session and is going to create a resistance area. The upward momentum can be observed on the 4H chart. However, the pair seems choppy and the trading must be taken with a cautious.
The support rests at 1.21570 with resistance at 1.21700 which the price is moving above the Pivot Point at 1.21630 located between the lines. The EMA of 10 is moving in bullish bias in ascendant channel and it is above EMA of 100 and the EMA of 200. The RSI is moving in overbought area, the MACD histogram is in positive territory and the Stochastic is moving in high ranges. The ADX is showing a buy signal.

• There is resistance at 1.21700, followed by resistance at 1.21760 and 1.21830.
• There is support at 1.21570 Below, there is 1.21500 and 1.21440.

eurusdanalysis