USD is under pressure against most major currencies. In Eurozone, industrial production came as expected and ZEW survey results of July was released less than expected.
The support rests at 1.13680 with resistance at 1.14390 which both lines are above the weekly pivot point at 1.13040. 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.
While pullbacks are expected, long term growth will push the price up towards 1.14650.
