While USD is getting empowered by the economic growth, there are no major economic reports to support EUR.
The support rests at 1.11920 with resistance at 1.12340 which both lines are above the weekly pivot point at 1.10990. The EMA of 10 is moving with bullish bias in the ascendant channel and it is above the EMA of 200 and the EMA of 100. The RSI is moving above 50 level, the Stochastic is moving in middle ranges and the MACD line is below the signal line in the negative territory. The ADX is showing buy signal.
EURUSD is trying to consolidate in the yellow area, long positions are recommended towards 1.12600.
