Euro-zone’s producer price index grew more than expected and supported EUR. The US factory orders and final durable goods orders increased as well.
The support rests at 1.17930 with resistance at 1.18400 which both lines are above the weekly pivot point at 1.17740. The EMA of 10 is moving with bullish bias in the ascendant channel and it is above the EMA of 200 and the EMA of 100. The RSI is moving above the level 50, the Stochastic is moving in high ranges and the MACD line is on the signal line in the neutral territory. The ADX is showing buy signal.
EURUSD is targeting the upper Bollinger band at 1.18800.