The strong Chinese economic data gave some support to EURUSD.
The support rests at 1.12890 with resistance at 1.13330 which both lines are above the weekly pivot point at 1.12780. The EMA of 10 is moving horizontally in the ascendant channel and it is above the EMA 200 and the EMA of 100. The RSI is rising towards overbought area and the Stochastic is showing upward momentum. The MACD line is below the signal line in the negative territory. The ADX is showing buy signal.
The price is in the upper Bollinger band which is a bullish sign. Long positions are recommended towards 1.13450.
