While EUR bulls have taken over the EURUSD chart, The US Consumer Price Index fell.
The support rests at 1.09030 with resistance at 1.09630 which both lines are above the weekly pivot point at 1.08860. The EMA of 10 is moving with bullish bias in the ascendant channel and it is below the EMA of 200 and above the EMA of 100. The RSI is moving above 50 level, the Stochastic is showing downward momentum and the MACD line is above the signal line in the positive territory. The ADX is not showing any clear signals.
EUR bulls may push the price up towards 61.8 level of Fibonacci to complete the correction pattern at 1.10000.