The concerns over Italy is putting EUR under pressure making it difficult for EURUSD to form the correction pattern.
The support rests at 1.15390 with resistance at 1.15860 which both lines are below the weekly pivot point at 1.16630. The EMA of 10 is moving with bearish bias in the descendant channel and it is below the EMA of 200 and the EMA of 100. The RSI is rising towards the 50 level, the Stochastic is showing upward momentum and the MACD line is above the signal line in the positive territory. The ADX is not showing any clear signals.
EURUSD may continue its growth towards 61.8 level of Fibonacci at 1.169.
