EURUSD analysis for 14.09.2020

The US Consumer Price Index increased more than forecasted. Euro Zone Industrial Production is the only influential factor for EURUSD.

The support rests at 1.18130 with resistance at 1.18610 which the weekly pivot point at 1.18390 is located in between the lines. The EMA of 10 is moving with bullish bias in the ascendant channel and it is above the EMA of 200 and below the EMA of 100. The RSI is growing towards overbought area, the Stochastic is moving in middle ranges and the MACD line is above the signal line in the positive territory. The ADX is showing buy signal.
Long term traders can expect slow price growth. The resistance level breakout will push the price towards the upper Bollinger band at 1.18850.

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Source: fxglory