EUR has been moving strongly against USD and today PMI Manufacturing data may put EUR under pressure.
The support rests at 1.11940 with resistance at 1.12370 which both lines are above the weekly pivot point at 1.11860. The EMA of 10 is moving with bullish bias in the ascendant channel and it is above the EMA of 200 and the EMA of 100. The RSI is moving in overbought area, the Stochastic is moving in high ranges and the MACD line is above the signal line in the positive territory. The ADX is showing buy signal.
The bullish trend is limited by the resistance line. There might be a price decline towards 1.11770.