While there is a quiet market in Eurozone today, increased risk appetite is giving positive momentum to EURUSD.
The support rests at 1.15050 with resistance at 1.15410 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 falling towards the 50 level and the Stochastic is showing upward momentum. The MACD line is below the signal line in the negative territory. The ADX is showing weak buy signal.
EURUSD is expected to trade in higher ranges. Buyers can target the upper Bollinger band at 1.157.