EUR has gone under pressure after the USD empowerment due to the anticipation of the FOMC.
The support rests at 1.22340 with resistance at 1.22850 which both lines are below the weekly pivot point at 1.23190. The EMA of 10 is moving with bearish bias in the descendant channel and it is below the EMA of 100 and the EMA of 200. The RSI is rising towards the 50 level, the Stochastic is moving in low ranges and the MACD indicator is in the negative territory. The ADX is showing weak buy signal.
The resistance breakout will push the pair higher towards 1.2350 otherwise, it will drop to 1.21.
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