Today will be a quiet market for EURUSD due to lack of high impact economic reports. German Industrial Production m/m and the US Crude Oil Inventories will be the most influential factors.
The support rests at 1.11880 with resistance at 1.12160 which the weekly pivot point at 1.12010 is located in between the lines. The EMA of 10 is moving with bullish bias in the ascendant channel and it is below the EMA 200 and the EMA of 100. The RSI is moving on 50 level and the Stochastic is showing upward momentum. The MACD line is above the signal line in the positive territory. The ADX is showing buy signal.
The indicators are showing bullish trend therefore EURUSD may continue its growth towards 1.12400.