Euro-Zone’s economic sentiment index had an unexpected growth.
The support rests at 1.10690 with resistance at 1.10990 which both lines are above the weekly pivot point at 1.10600. The EMA of 10 is moving with bullish bias in the horizontal channel and it is above the EMA of 200 and the EMA of 100. The RSI is moving on 50 level, the Stochastic is showing downward momentum and the MACD line is below the signal line in the negative territory. The ADX is not showing any clear signals.
The price will be fluctuating within the colored rectangle.