Positive techs and risk sentiment keep focus at the upside
The Euro remains constructive and holding above 1.1900 handle on Friday, despite strong indecision signal from Thursday’s long-legged daily Doji candle.
Holiday-thinned market keeps the action limited, with bulls looking for fresh signal on repeated close above 1.1914 pivot (Fibo 76.4% of 1.2011/1.1602 descend.
Revived bullish momentum on daily chart underpins the action, with more significant signals coming from rising 14-period momentum on weekly and monthly charts.
The pair is on track for the second weekly bullish close and also set for over 2% monthly gain that keeps focus at key barriers at 1.2000/20 zone (psychological / Sep 1 2020 high / monthly cloud top).
Dip-buying above rising 10DMA (1.1877) remains favored, but deeper dips towards 1.1830 (ascending 20DMA) cannot be ruled out.
Only return and close below 1.1800 would sideline bulls and signal deeper pullback.
Res: 1.1940; 1.1965; 1.2000; 1.2019
Sup: 1.1905; 1.1877; 1.1855; 1.1830