The consumer price index came unchanged in Eurozone but the demand for USD remains low.
The support rests at 1.20810 with resistance at 1.21620. 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 showing upward momentum, the RSI is moving on level 50 and the ADX is showing buy signal. The MACD indicator is in positive territory.
The bullish trend cannot violate the resistance line. EURUSD is finding some consolidation around the weekly pivot point. Later sellers can target the lower Bollinger band at 1.20500.