EURUSD failed to violate the resistance line on Friday. The reason behind this incident lies in the growth of inflation rate in the US which was caused by the pumping of dollars into the US economy. There were numerous economic reports in the US and European union but the market is not showing any reaction towards them.
The support rests at 1.19260 with resistance at 1.19890. The weekly pivot point at 1.19490 is located in between the lines. The EMA of 10 is moving horizontally in the ascendant channel and it is above EMA of 200 and the EMA of 100. The Stochastic is moving showing downward momentum, the RSI is rising towards overbought area and the ADX is showing sell signal. The MACD indicator is in negative territory.
The indicators are showing mixed signals. There is a high chance that EURUSD fluctuates between 1.20000 and 1.19200.