The macroeconomic data is showing support for USD however the pressure on EURUSD is not still clear. While the data in Eurozone came better than expected, EUR did not grow much.
The support rests at 1.21140 with resistance at 1.22020. The weekly pivot point at 1.21280 is located in between the lines. The EMA of 10 is moving with bearish bias in the descendant channel and it is below the EMA of 100 and above the EMA of 200. The Stochastic is moving in middle ranges, the RSI is falling towards level 50 and the ADX is showing sell signal. The MACD indicator is in neutral territory.
As long as the resistance line remains intact sellers can target 1.21000.