Due to the holiday in China and the US, EURUSD will not be volatile today. However, EUR is acting weak against USD.
The support rests at 1.23860 with resistance at 1.24580 which the weekly pivot point at 1.23990 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 showing weak sell signal.
EURUSD will continue its correction pattern towards 61.8 level of Fibonacci at 1.233.

eurusd analysis