Lack of economic data in Eurozone and the US kept EURUSD quiet yesterday.
The support rests at 1.07620 with resistance at 1.08790 which both lines are below the weekly pivot point at 1.09100. The EMA of 10 is moving horizontally bias in the descendant channel and it is below the EMA of 200 and the EMA of 100. The RSI is rising towards 50 level, the Stochastic is showing upward momentum and the MACD line is above the signal line in the positive territory. The ADX is showing buy signal.
EURUSD has already reached 61.8 level of Fibonacci and it’s time for price growth towards 1.09400.