EUR is moving in high ranges and there is no reason for further growth, therefore it’s too late to enter the buying orders. While there were no major economic reports on Friday, EURUSD continued the bullish trend.
EUSUSD is finding support at 1.19510 with resistance at 1.19930. Both lines are above the weekly pivot point at 1.19080. The EMA of 10 is above the EMA of 100 and 200 and they are all growing within the ascendant channel. All indicators are showing strong bullish momentum.
The growth may continue towards 1.20000 but the pullbacks may begin soon.