Based on the US reports, new jobs were created and the unemployment rate has decreased.
The support rests at 1.12170 with resistance at 1.12530 which the weekly pivot point at 1.12460 is located in between the lines. The EMA of 10 is moving with bearish bias in the descendant channel and it is above the EMA of 200 and the EMA of 100. The RSI is moving below level 50, the Stochastic is moving in low ranges and the MACD line is below the signal line in the negative territory. The ADX is showing buy signal.
EURUSD is consolidating around the pivot point and it’s hard to determine the trend direction. The bullish trend is limited on 1.13000.

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