The unexpected drop in Germany’s industrial output weighed on EUR.
The support rests at 1.14420 with resistance at 1.14740 which both lines are above the weekly pivot point at 1.14010. 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 the 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 weak buy signal.
While considering pullbacks on the way EURUSD may grow towards 1.15.