The US consumer inflation data is weighing on USD.
The support rests at 1.12750 with resistance at 1.12950 which both lines are above the weekly pivot point at 1.12650. 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 above 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.
Long positions are recommended towards 1.1330.