EURUSD failed to break 1.13000 area of resistance but it all depends to ECB Interest Rate Decision. If the ECB does not move the expected interest rate increase, then EUR may continue its bullish trend.
The support rests at 1.12150 with resistance at 1.12480 which both lines are above the weekly pivot point at 1.11670. The EMA of 10 is moving with bearish bias in the ascendant channel and it is above the EMA of 200 and the EMA of 100. The RSI is moving on 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 weak buy signal.
Considering the correction pattern, EURUSD may fall towards 61.8 level of Fibonacci at 1.11900; otherwise buyers can target 1.13100 again.
