The strong inflation data and weaker retail sales put USD under pressure.
The support rests at 1.24380 with resistance at 1.24890 which both lines are located above the weekly pivot point at 1.23100. 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 in 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 showing buy signal.
EURUSD will continue its bullish trend targeting 1.255.

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