While the US had a quiet market last week and there was a national holiday EUR moved stronger against USD.
The support rests at 1.20950 with resistance at 1.21580. The weekly pivot point at 1.21040 is located in between the lines. The EMA of 10 is moving with bullish bias in the ascendant channel and it is above the EMA of 100 and the EMA of 200. The Stochastic is moving in high ranges, the RSI is falling towards level 50 and the ADX is not showing any clear signals. The MACD indicator is in positive territory.
While planning for decline anytime soon, buyers can target 1.22000.
