While USD is under pressure due to Fed Chair Jerome Powell statement regarding the rate hikes, EUR is taking the lead because of increased risk appetite.
The support rests at 1.14090 with resistance at 1.14370 which both lines are above the weekly pivot point at 1.14010. 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 and the Stochastic is moving in high ranges. The MACD line is above the signal line in the positive territory. The ADX is showing buy signal.
All indicators are showing upward signals. The price may grow towards 1.145.
