EUR is moving flat and today there will be speeches of ECB president Christine Lagarde and Fed chairman Jerome Powell.
The support rests at 1.18460 with resistance at 1.18860 which both lines are above the weekly pivot point at 1.18270. The EMA of 10 is moving with bullish bias in the ascendant channel and it is above the EMA of 200 and below the EMA of 100. The RSI is falling towards level 50, the Stochastic is moving in high ranges and the MACD line is above the signal line in the positive territory. The ADX is showing buy signal.
The resistance level breakout will push the price towards the upper Bollinger band at 1.18900; otherwise there is a possibility of price decline towards the previous low at 1.17400.