Euro-Zone’s Industrial Production grew more than expected. There are no major economic reports in the US today.
The support rests at 1.10080 with resistance at 1.10410 which the weekly pivot point at 1.10140 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 above 50 level, the Stochastic is moving in middle ranges and the MACD line is below the signal line in the negative territory. The ADX is showing buy signal.
The support level breakdown may push the price down towards the lower Bollinger band at 1.09940. Otherwise, EURUSD will be fluctuating within the support and resistance lines.
