The announcement of a trade deal between the United States and China is helping EUR to grow.
The support rests at 1.12010 with resistance at 1.12350 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 rising towards 50 level and the Stochastic is showing upward momentum. The MACD line is above the signal line in the positive territory. The ADX is not showing any clear signals.
EURUSD is moving in a tighter range within Bollinger bands. Buyers can target the upper band at 1.12450.