EUR bulls are getting stronger due to the US long holiday.
The support rests at 1.18360 with resistance at 1.18660 which both lines are above the weekly pivot point at 1.17610. 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 moving in overbought area, the Stochastic is showing downward momentum and the MACD indicator is in positive territory. The ADX is showing buy signals.
EURUSD will continue its bullish trend towards 1.20.

eurusd analysis

eurusd