EURUSD analysis for 30.07.2020

Keeping the US interest rates unchanged put USD under pressure against most major currencies.
The support rests at 1.17350 with resistance at 1.18020 which both lines are above the weekly pivot point at 1.15720. 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 falling towards level 50, the Stochastic is showing downward momentum and the MACD line is below the signal line in the negative territory. The ADX is not showing any clear signals.
Buyers can target 1.18500, pullbacks are expected as well.

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Source: fxglory