Despite the US positive retails sales data, EUR bulls are still in power.
The support rests at 1.13270 with resistance at 1.13590 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.
We are still recommending the bullish trend towards 1.14.
