Despite the promising economic reports in the US, USD did not grow much.
The support rests at 1.20800 with resistance at 1.21220. The weekly pivot point at 1.21380 is located above the lines. The EMA of 10 is moving with bearish bias in the descendant channel and it is below the EMA of 100 and above the EMA of 200. The Stochastic is showing downward momentum, the RSI is moving in oversold area and the ADX is showing sell signal. The MACD indicator is in negative territory.
We are staying bearish on this chart and just like yesterday sellers can expect 1.20500.
