There has been a decline in Euro-zone’s ZEW economic sentiment index and today Retail Sales data will be published in the US.
The support rests at 1.10210 with resistance at 1.10600 which both lines are above the weekly pivot point at 1.10140. 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 rising above 50 level, the Stochastic is moving in high ranges and the MACD line is below the signal line in the negative territory. The ADX is showing buy signal.
It seems that EURUSD is growing up within Andrew’s Pitchfork targeting 1.10700.