USD is gaining some momentum and today Trade Balance and Unemployment Claims will be released.
The support rests at 1.10740 with resistance at 1.10920 which both lines are above the weekly pivot point at 1.10100. 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 50 level, 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.
The resistance line breakout will confirm the bullish trend towards the upper Bollinger band at 1.11150, otherwise, EURUSD will drop to 1.10500.
