Yesterday was a quiet market for EURUSD but today the market will be more volatile. Experts are predicting another quarantine for the new wave of pandemics.
The support rests at 1.12150 with resistance at 1.12930 which the weekly pivot point at 1.12330 is located in between the lines. The EMA of 10 is moving horizontally in the descendant channel and it is above the EMA of 200 and the EMA of 100. The RSI is moving on level 50, the Stochastic is showing downward momentum and the MACD line is on the signal line in the neutral territory. The ADX is showing buy signal.
EURUSD is trying to consolidate on the weekly pivot point, bears may push the support line towards 1.1150.
