EUR was in the spotlight due to the ECB meeting.
The support rests at 1.05890 with resistance at 1.06100 which both lines are above the weekly pivot point at 1.05810. The EMA of 10 is moving with bullish and it is below the EMA of 100 and 200. The RSI is rising towards the overbought area, the Stochastic is showing upward momentum and the MACD indicator is in neutral territory. The ADX is showing strong buy signals.
After its growth towards 1.06 area and reaching 61.8 level of Fibonacci retracement, EURUSD will continue its downward trend targeting 1.050.

eurusd analysis