EUR may be supported by German April YoY HICP figure however USD remains under pressure due to US-China trade war.
The support rests at 1.12270 with resistance at 1.12540 which both lines are above the weekly pivot point at 1.12180. The EMA of 10 is moving with bullish bias in the ascendant channel and it is above the EMA 200 and the EMA of 100. The RSI is moving above 50 level and the Stochastic is showing upward momentum. The MACD line is below the signal line in the negative territory. The ADX is not showing any clear signals.
EURUSD may continue its bullish trend towards 1.12700.