Thursday is going to be volatile due to numerous important events however today the US and the Eurozone are not releasing any economic reports.
The support rests at 1.12610 with resistance at 1.12850 which both lines are above the weekly pivot point at 1.12240. The EMA of 10 is moving with bullish bias along the ascendant channel and it is above the EMA of 100 and the EMA of 200. The RSI is moving in overbought area, the Stochastic is showing upward momentum and the MACD indicator is in positive territory. The ADX is showing buy signals.
Long positions are recommended with the first target at 1.13.

eurusd analysis