The Euro-zone’s final services PMI came better than expected and supported EUR against USD.
The support rests at 1.12320 with resistance at 1.12460 which both lines are below the weekly pivot point at 1.12540. The EMA of 10 is moving with bullish bias in the ascendant channel and it is below the EMA 100 and the EMA of 200. The RSI is moving on 50 level and the Stochastic is showing downward momentum. The MACD line is above the signal line in the positive territory. The ADX is not showing any clear signals.
Considering the strong EUR, EURUSD may be forming the correction pattern targeting 61.8 level of Fibonacci little by little. Buyers can target 1.12700 today.