The ECB left monetary policy unchanged and the US may be reducing the tarrifs on Chinese goods.
The support rests at 1.11590 with resistance at 1.11920 which both lines are above the weekly pivot point at 1.10600. 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 on overbought area, the Stochastic is moving in high ranges and the MACD line is above the signal line in the positive territory. The ADX is not showing any clear signals.
The support level breakthrough will confirm the correction pattern towards 38.2 level of Fibonacci at 1.11140.