EUR is trying to recover from the previous decline. Eyes will be on the FOMC talks today.
The support rests at 1.08110 with resistance at 1.08740 which the weekly pivot point at 1.08620 is located in between the lines. 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 moving in middle ranges and the MACD line is above the signal line in the positive territory. The ADX is showing buy signal.
EURUSD is trying to complete the correction pattern by targeting 61.8 level of Fibonacci at 1.09200.
