EURUSD moved quietly yesterday. There were no major economic reports worldwide and it did not stop USD from growing.
The support rests at 1.20560 with resistance at 1.21110. The weekly pivot point at 1.21270 is located above the lines. The EMA of 10 is moving horizontally in the descendant channel and it is below the EMA of 200 and the EMA of 100. The Stochastic is moving in high ranges, the RSI is moving below level 50 and the ADX is not showing any clear signals. The MACD indicator is in positive territory.
The resistance level breakout will confirm the bullish trend towards the upper Bollinger band at 1.21800; otherwise sellers can aim 1.20250.