EUR did not move much yesterday and there are no major economic reports in Eurozone today.
The support rests at 1.10340 with resistance at 1.10700 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 falling towards 50 level, the Stochastic is showing upward momentum and the MACD line is on the signal line in the neutral territory. The ADX is showing buy signal.
Considering long term trading EURUSD is falling down within the long term bearish channel. Short term traders can target 1.10750.

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