While Germany seasonally adjusted factory orders declined USD was supported by US jobs report.
The support rests at 1.12680 with resistance at 1.13130 which both lines are above the weekly pivot point at 1.12580. 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 moving above level 50, the Stochastic is moving in low ranges and the MACD line is below the signal line in the negative territory. The ADX is not showing any clear signals.
The support level breakthrough will push the price down towards the lower Bollinger band at 1.11660; otherwise EURUSD will continue its bullish trend towards 1.13800.
