While Lagarde’s comments following the European Central Bank meeting was not supportive, EUR is on bullish bias against USD.
The support rests at 1.21330 with resistance at 1.21990. The weekly pivot point at 1.21270 is located below the lines. The EMA of 10 is moving with bullish bias in the ascendant channel and it is below the EMA of 100 and above the EMA of 200. The Stochastic is showing upward momentum, the RSI is falling towards level 50 and the ADX is not showing any clear signals. The MACD indicator is in positive territory.
Considering the correction pattern, EURUSD may grow towards level 61.8 of Fibonacci at 1.22300.
