EURUSD is under pressure due to the USD empowerment. The ECB reports will bring some volatility to the market.
The support rests at 1.21960 with resistance at 1.22350 which both lines are below the weekly pivot point at 1.23160. The EMA of 10 is moving with bearish bias in the descendant channel and it is below the EMA of 200 and the EMA of 100. The RSI is moving in oversold area, the Stochastic is showing downward momentum and the MACD line is above the signal line in the positive territory. The ADX is showing sell signal.
While 1.21 will remain the floor of the market, EURUSD will be fluctuating within the upper and lower Bollinger bands.

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