Considering the holidays all around the world, there are no major economic reports in Eurozone or the US therefore the price is not going to move much.
The support rests at 1.18570 with resistance at 1.18860 which both lines are above the weekly pivot point at 1.18320. The EMA of 10 is moving horizontally in the ascendant channel and it is above the EMA of 200 and the EMA of 100. The RSI rising towards the overbought area, the Stochastic is showing upward momentum and the MACD line is below the signal line in the negative territory. The ADX is showing buy signal.
Long positions are recommended towards 1.1930.

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