EURUSD analysis for 16.09.2020

USD was supported due to US Stocks growth just like EUR being empowered by the European stocks.
The support rests at 1.18040 with resistance at 1.18600 which the weekly pivot point at 1.18390 is located in between the lines. The EMA of 10 is moving with bearish bias in the ascendant channel and it is above the EMA of 200 and below the EMA of 100. The RSI is moving on level 50, the Stochastic is moving in low ranges and the MACD line is below the signal line in the negative territory. The ADX is not showing any clear signals.
The support line is too strong to be broken. EUR is growing towards 1.18900.

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Source: fxglory