After some corrective movement of USD, it seems that the currency is slowing down the growth. Today the ECB reports will make the market volatile.
The support rests at 1.17890 with resistance at 1.18410 which both lines are below the weekly pivot point at 1.18770. The EMA of 10 is moving with bullish bias in the descendant channel and it is above the EMA of 200 and below the EMA of 100. The RSI is moving on level 50, the Stochastic is moving in high ranges and the MACD line is above the signal line in the positive territory. The ADX is showing buy signal.
It seems that EURUSD is trying to recover the previous decline targeting 1.18600.

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