EUR tried to grow but it found resistance on 1.09300 area. Today traders will focus on FOMC Meeting Minutes.
The support rests at 1.08380 with resistance at 1.08890 which both lines are below the weekly pivot point at 1.09100. The EMA of 10 is moving with bullish bias in the ascendant channel and it is below the EMA of 200 and the EMA of 100. The RSI is rising above 50 level, the Stochastic is showing upward momentum and the MACD line is above the signal line in the positive territory. The ADX is not showing any clear signals.
The indicators are showing mixed trends. EURUSD may grow towards the upper Bollinger band at 1.09100; then the bearish trend will target 1.07500.
