USD was strengthened by the rising government bond yields and strong economic data.
The support rests at 1.21400 with resistance at 1.22080. The weekly pivot point at 1.21040 is located in below the lines. The EMA of 10 is moving with bearish bias in the ascendant channel and it is above the EMA of 100 and the EMA of 200. The Stochastic is moving in low ranges, the RSI is falling towards level 50 and the ADX is not showing any clear signals. The MACD indicator is in negative territory.
The support level breakthrough will confirm further decline towards 1.20000; otherwise EURUSD will continue its long term growth towards 1.22500.