The President Trump’s criticism of the Fed policy has put pressure on USD.
The support rests at 1.17180 with resistance at 1.17660 which both lines are above the weekly pivot point at 1.16810. The EMA of 10 is moving with bullish bias in the ascendant channel and it is above the EMA of 200 and the EMA of 100. The RSI is falling towards the 50 level, the Stochastic is moving in high ranges and the MACD line is above the signal line in the positive territory. The ADX is showing buy signals.
While the European Central Bank policy might push the price down, buyers can target 1.179.
