The upbeat US inflation data is weighing on USD.
The support rests at 1.12450 with resistance at 1.12930 which the weekly pivot point at 1.12680 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 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 above the signal line in the positive territory. The ADX is showing buy signal.
EURUSD may grow towards the upper Bollinger band at 1.2940.