US treasury yields remained unchanged and gave EUR bulls an opportunity to confirm the correction pattern.
The support rests at 1.13180 with resistance at 1.13720 which both lines are below the weekly pivot point at 1.13840. The EMA of 10 is moving with bullish bias in the ascendant channel but it is below the EMA of 200 and the EMA of 100. The RSI is rising towards the overbought area, the Stochastic is showing upward momentum and the MACD line is above the signal line in the positive territory. The ADX is showing buy signal.
The bullish trend will probably continue towards 61.8 level of Fibonacci at 1.14.