The Germany retail sales and unemployment numbers gave some support to EUR.
The support rests at 1.12190 with resistance at 1.12430 which both lines are below the weekly pivot point at 1.12540. The EMA of 10 is moving with bearish bias in the descendant channel and it is below the EMA 100 and the EMA of 200. The RSI is falling towards oversold area and the Stochastic is showing upward momentum. The MACD line is above the signal line in the positive territory. The ADX is showing buy signal.
EUR bulls may break the resistance line and target the upper Bollinger band at 1.1270.
