The US is releasing Manufacturing PMI data which due to lack of economic reports in Eurozone, EURUSD will not be volatile today.
The support rests at 1.18060 with resistance at 1.18430 which both lines are above the weekly pivot point at 1.17110. The EMA of 10 is moving with bullish bias along the ascendant channel and it is above the EMA of 200 and the EMA of 100. The RSI is moving horizontally in overbought area, the Stochastic is moving in high ranges and the MACD indicator is in positive territory. The ADX is not showing any clear signals.
The support level breakthrough will drag the pair lower towards 1.175 otherwise EURUSD will continue its bullish trend heading 1.185.

EURUSD analysis

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