The Germany Trade balance came higher than expected and today there are no major economic reports in Eurozone.
The support rests at 1.10360 with resistance at 1.10710 which both lines are above the weekly pivot point at 1.10120. The EMA of 10 is moving with bullish bias in the ascendant channel and it is below the EMA of 200 and the EMA of 100. The RSI is moving on 50 level, the Stochastic is showing downward momentum and the MACD line is above the signal line in the positive territory. The ADX is not showing any clear signals.
We are still staying bullish on EURUSD targeting 61.8 level of Fibonacci at 1.10700.