The nationalistic policy and the threat of a global trade war have put USD under pressure and, on the other hand, the politics in Italy is supporting EUR.
The support rests at 1.23540 with resistance at 1.23990 which both lines are above the weekly pivot point at 1.23260. 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 on the overbought area, the Stochastic is showing upward momentum and the MACD line is above the signal line in the positive territory. The ADX is showing buy signal.
Long positions are recommended towards 1.24.

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