USD was empowered by industrial production data. Traders will keep an eye on ECB Press Conference today.
The support rests at 1.13850 with resistance at 1.14300 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 falling towards level 50, the Stochastic is moving in low ranges and the MACD line is on the signal line in the neutral territory. The ADX is not showing any clear signals.
Considering the correction pattern, sellers must be targeting level 50 level of Fibonacci at 1.13200, if the support line remains intact, EURUSD will continue its bullish trend towards 1.14400.