USD is trying to cover the loss. Euro-zone’s gross domestic product has grown.
The support rests at 1.12900 with resistance at 1.13770 which both lines are above the weekly pivot point at 1.12270. The EMA of 10 is moving horizontally in the ascendant channel and it is above the EMA of 100 and the EMA of 200. The RSI is moving above 50 level, the Stochastic is showing upward momentum and the MACD line is below the signal line in the negative territory. The ADX is showing buy signal.
The support level breakthrough will confirm the correction pattern targeting level 50 of Fibonacci at 1.11400. Otherwise EURUSD will continue its bullish trend.