USD went under pressure after Trump’s announcement of meeting with Powell.
The support rests at 1.10600 with resistance at 1.10900 which both lines are above the weekly pivot point at 1.10330. The EMA of 10 is moving with bullish bias in the ascendant channel and it is above the EMA of 200 and the EMA of 100. The RSI is moving in overbought area, the Stochastic is moving in middle ranges and the MACD line is above the signal line in the positive territory. The ADX is showing buy signal.
The bullish strength is pushing the price up towards 1.10970.
