Despite the strong economic reports in the US, EURUSD has been moving with bullish bias. Today also the US will release inflation data.
The support rests at 1.17760 with resistance at 1.18040 which both lines are above the weekly pivot point at 1.16310. 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 the overbought area, the Stochastic is showing upward momentum and the MACD indicator is in positive territory. The ADX is showing buy signals.
Long positions are recommended towards 1.20.

eurusd analysis