Yesterday USD was empowered by the growth of US Dollar Currency Index. The Mortgage Bankers Association’s Mortgage Applications declined.
The support rests at 1.17540 with resistance at 1.19400 which the weekly pivot point at 1.18050 is located in between the lines. The EMA of 10 is moving with bearish bias in the ascendant channel and it is above the EMA of 200 and the EMA of 100. The RSI is falling below level 50, the Stochastic is moving in low ranges and the MACD line is below the signal line in the negative territory. The ADX is not showing any clear signals.
EURUSD may find some consolidation around the weekly pivot point but long terms traders can expect the price growth toward the upper Bollinger band at 1.19600.