EUR/USD: technical view for 28/03/18

The pair could not gain a foothold above the level of 1.2425 and again returned to the range 1.2270-1.2425. This behavior is due to the release of weak data on the economy of Germany and the eurozone, which indicate a weakening of economic growth in the region.
The price is located above the middle line of the Bollinger bands, above EMA 5 and EMA 13. RSI is above the level of 50% and slightly increases. Stoch are turned up. MACD is above the zero mark and is decreasing. Indicators do not confirm each other.
If the pair does not rise above the level of 1.2425, it could, on the wave of strong data on US GDP, drop to 1.2350.