EUR continued its growth despite the ECB president announcement of a possible interest rate reduction.
The support rests at 1.12520 with resistance at 1.12850 which both lines are above the weekly pivot point at 1.11670. The EMA of 10 is moving horizontally in the ascendant channel and it is above the EMA of 200 and the EMA of 100. The RSI is falling towards 50 level, the Stochastic is moving in high ranges and the MACD line is below the signal line in the negative territory. The ADX is showing weak sell signal.
The support level breakthrough will pave the way for further decline towards 1.12000; otherwise, EURUSD will continue its bullish trend towards 1.13000.
