The holidays are getting over and today EURUSD is chiefly under the influence of CB consumer confidence data from the US.
The support rests at 1.18500 with resistance at 1.18940 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 falling towards the 50 level, 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.
The price is consolidating within the support and resistance area, however, resistance level breakout will push the price higher towards 1.20.

eurusd

eurusd