In the US, the NY Empire State Manufacturing Index has grown and today traders will be watching Euro-zone’s trade balance data for May.
The support rests at 1.12340 with resistance at 1.12730 which the weekly pivot point at 1.12500 is located in between the lines. The EMA of 10 is moving horizontally in the ascendant channel and it is below the EMA of 200 and the EMA of 100. The RSI is moving on 50 level, the Stochastic is moving in low ranges and the MACD line is below the signal line in the negative territory. The ADX is showing weak sell signal.
EURUSD is consolidating within the support and resistance area however, the resistance level breakout will confirm the bullish trend within Andrew’s Pitchfork.