EURUSD spent a quit peaceful Wednesday. There is no specific information to explain the pair’s movement and most probably EURUSD is on the global growth path.
The support rests at 1.20130 with resistance at 1.20580. The weekly pivot point at 1.19490 is located below the lines. The EMA of 10 is moving horizontally in the ascendant channel and it is above EMA of 200 and the EMA of 100. The Stochastic is moving in high ranges, the RSI is moving above level 50 and the ADX is not showing any clear signals. The MACD indicator is in negative territory.
After some consolidation, EURUSD is going to continue its bullish trend.