There are no major economic reports in the US or Eurozone therefore traders are looking for Trump’s speech at the United Nations.
The support rests at 1.19540 with resistance at 1.20200 which both lines are above the weekly pivot point at 1.19360. The EMA of 10 is moving with bullish bias in the ascendant channel and it is above the EMA of 200 and below the EMA of 100. The RSI is rising towards the overbought area, the Stochastic is showing upward momentum and the MACD indicator is in neutral territory. The ADX is showing buy signals.
Long positions are recommended targeting 1.21.

eurusd analysis