While the US and China trade war is empowering EUR, USD is under pressure due to poor economic data.
The support rests at 1.11810 with resistance at 1.12340 which both lines are above the weekly pivot point at 1.10990. The EMA of 10 is moving with bullish bias in the ascendant channel and it is below the EMA of 200 and above the EMA of 100. The RSI is moving in overbought area, the Stochastic is moving in high ranges and the MACD line is above the signal line in the positive territory. The ADX is showing buy signal.
EURUSD has crossed 50 level of Fibonacci but has not completed the correction pattern yet. Considering pullbacks on the way, EURUSD will be targeting 61.8 level of Fibonacci at 1.12600.