There has been a growth in the US consumer price index.
The support rests at 1.09950 with resistance at 1.10340 which both lines are above the weekly pivot point at 1.09520. The EMA of 10 is moving with bullish bias in the ascendant channel and it is below the EMA of 200 and above the EMA of 100. The RSI is moving above 50 level, the Stochastic is showing downward momentum and the MACD line is above the signal line in the positive territory. The ADX is showing buy signal.
The correction pattern is completed however the resistance level breakout may push the price towards 1.1055; otherwise, EURUSD may drop to 1.0985.