The quietness of the European market is giving more strength to the USD.
The support rests at 1.18900 with resistance at 1.19470. The weekly pivot point at 1.19230 is located in between the lines. The EMA of 10 is moving with bullish bias in the horizontal channel and it is below 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 showing sell signal. The MACD indicator is in positive territory.
The indicators are showing mixed signals. EURUSD has been consolidating around the moving averages. There is a chance of price growth towards 1.19800; otherwise the bearish pressure may drag the rate down towards 1.18500.