EURUSD was empowered due to the weak economic reports in the US on Friday. There are no major economic reports in Eurozone or the US to influence this pair.
The support rests at 1.14450 with resistance at 1.14720 which both lines are above the monthly pivot point at 1.13280. The EMA of 10 is moving with bullish bias along the ascendant channel and it is above the EMA of 200 and the EMA of 100. The RSI is falling towards the 50 level, the Stochastic is moving in high ranges and the MACD indicator is in positive territory. The ADX is not showing any clear signals. Pullbacks can drag the pair towards 1.140 area however the pair will continue its long term growth.

EURUSD ANALYSIS

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