Pullbacks were dragging down EURUSD when the manufacturing sectors of the EU countries continue to recover. On the other hand, USD went under pressure due to the US construction costs which came worse than expected.
The support rests at 1.17350 with resistance at 1.18540 which the weekly pivot point at 1.17740 is located in between the lines. The EMA of 10 is moving horizontally in the ascendant channel and it is above the EMA of 200 and the EMA of 100. The RSI is moving on level 50, the Stochastic is moving in high ranges and the MACD line is below the signal line in the negative territory. The ADX is showing weak buy signal.
While considering pullbacks towards 1.17000, EURUSD is growing towards the upper Bollinger band.