Despite the strong US economic reports, USD got weakened and today traders are waiting for the reports from Eurozone.
The support rests at 1.21080 with resistance at 1.21470 which both lines are below the weekly pivot point at 1.21570. The EMA of 10 is moving with bearish bias in the descendant channel and it is below the EMA of 200 and the EMA of 100. The RSI is moving below the 50 level, the Stochastic is moving in high ranges and the MACD line is above the signal line in the positive territory. The ADX is showing weak buy signal.
The correction pattern has already started; buyers can target 61.8 level of Fibonacci at 1.22.