There are no major economic reports in Eurozone today therefore all eyes will be on the US NFIB small business optimism index and the consumer price index.
The support rests at 1.12410 with resistance at 1.12710 which the weekly pivot point at 1.12710 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 200 and the EMA of 100. The RSI is moving on 50 level and the Stochastic is moving in high ranges. The MACD line is above the signal line in the positive territory. The ADX is showing buy signal.
The indicators are showing upward momentum. While considering pullbacks on the way, EURUSD may grow towards 61.8 level of Fibonacci at 1.13200.