Today is an important day in the US because inauguration of Joe Biden will take place. Consumer Price Index has been released in Eurozone.
The support rests at 1.21030 with resistance at 1.21870. The weekly pivot point at 1.21270 is located in between the lines. The EMA of 10 is moving with bullish bias 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 rising above level 50 and the ADX is showing buy signal. The MACD indicator is in positive territory.
EURUSD is trying to recover from the decline so buyers can aim for 1.22000.
