EURUSD was lifted after Powell’s talk. The US economic data is not going to support USD today.
The support rests at 1.17960 with resistance at 1.18950 which the weekly pivot point at 1.18390 is located in between the lines. 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 above level 50, 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.
EURUSD is growing up beyond the resistance line. The first target will be 1.1910.