EUR has been empowered by the ECB President Draghi’s speech.
The support rests at 1.23070 with resistance at 1.23510 which the weekly pivot point at 1.23290 is located in between the lines. The EMA of 10 is moving with bullish bias in the horizontal channel and it is below the EMA of 200 and the EMA of 100. The RSI is moving on the 50 level, 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 1.25.

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