EURUSD started its bullish trend after the Fed accouncement regarding the rate hike in December.
The support rests at 1.19450 with resistance at 1.19950 which both lines are below the weekly pivot point at 1.19360. The EMA of 10 is moving with bearish bias in the ascendant channel but it is above the EMA of 200 and below the EMA of 100. The RSI is rising towards the overbought area, the Stochastic is moving in high ranges and the MACD indicator is in negative territory. The ADX is showing buy signals.
Long positions are recommended targeting 1.21.

eurusd analysis

eurusd