EURUSD analysis for 15.09.2020

The Eurozone industrial production data supported EUR against USD.
The support rests at 1.18620 with resistance at 1.19170 which both lines are above the weekly pivot point at 1.18390. 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 moving in overbought area, the Stochastic is moving in high ranges and the MACD line is above the signal line in the positive territory. The ADX is showing buy signal.
Considering the correction pattern, buyers can target level 61.8 of Fibonacci at 1.19110.

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Source: fxglory