USD is still weak and EURUSD is moving in high ranges which is the highest it has been since 2015.
The support rests at 1.16260 with resistance at 1.16810 which both lines are above the weekly pivot point at 1.15930. The EMA of 10 is moving with bullish bias along the ascendant channel and it is above the EMA of 200 and the EMA of 100. The RSI is moving horizontally in the overbought area, the Stochastic is moving in high ranges and the MACD indicator is in positive territory. The ADX is showing weak buy signals.
Long positions are recommended targeting 1.18 area.
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