Yesterday EURUSD moved very slowly and today there are some economic reports which might make the trend move in a certain direction. There will be ZEW Economic Sentiment in Eurozone and Consumer Price Index in the US.
The support rests at 1.11500 with resistance at 1.12220 which the weekly pivot point at 1.11850 is located in between the lines. The EMA of 10 is moving horizontally in the ascendant channel and it is above the EMA of 200 and the EMA of 100. The RSI is moving on the 50 level, the Stochastic is showing downward momentum and the MACD line is below the signal line in the negative territory. The ADX is not showing any clear signals.
EURUSD is trying to complete the correction pattern but it fails to break 50 level of Fibonacci. Long term buyers can target 1.12500.