As USD is pouring into the US economy, it is getting weaker that the fundamental reports and macroeconomic data cannot stop EURUSD from growing.
The support rests at 1.20090 with resistance at 1.21110. The weekly pivot point at 1.19490 is located below the lines. The EMA of 10 is moving with bullish bias in the ascendant channel and it is above EMA of 200 and the EMA of 100. The Stochastic is moving in high ranges, the RSI is moving in overbought area and the ADX is showing buy signal. The MACD indicator is in positive territory.
The chart has completed the correction pattern so a downfall can be anticipated anytime. The upward trend may hit 1.21400 but a decline towards 1.19800 will be expected afterwards.