EUR moved stronger against USD yesterday and today there are no major economic reports in Eurozone.
The support rests at 1.13190 with resistance at 1.13460 which both lines are above the weekly pivot point at 1.12800. The EMA of 10 is moving with bullish bias in the ascendant channel and it is above the EMA of 200 and the EMA of 100. The RSI is moving in overbought area, the Stochastic is moving in high ranges and the MACD line is below the signal line in the negative territory. The ADX is showing buy signal.
The resistance level breakout will confirm the bullish trend towards the upper Bollinger band at 1.13550; otherwise correction pattern may drag the price down towards the lower band at 1.12700.
