The strong economic data in Eurozone is supporting EUR against USD.
The support rests at 1.11450 with resistance at 1.11810 which both lines are above the weekly pivot point at 1.11110. The EMA of 10 is moving bullish bias in the ascendant channel and it is above the EMA of 200 and the EMA of 100. The RSI is falling towards 50 level, the Stochastic is showing upward momentum and the MACD line is above the signal line in the positive territory. The ADX is showing weak buy signal.
EURUSD may continue its slow growth towards 1.11900.
