The US private payrolls came less than expected and softer US jobs data let the EURUSD chat to grow. The US will be releasing some important economic data such as Non-Farm Payrolls, Balance of Trade and Unemployment Rate.
The support rests at 1.16630 with resistance at 1.17450 which both lines are above the weekly pivot point at 1.16440. 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 rising towards the overbought area, the Stochastic is moving in middle ranges and the MACD line is above the signal line in the positive territory. The ADX is not showing any clear signals.
The resistance level breakout will push the pair up towards 1.18, otherwise, the price will probably decline towards the lower Bollinger band at 1.16.