Today economic data are not in favor of EUR such as ZEW Economic Sentiment Index and trade balance.
The support rests at 1.12100 with resistance at 1.12440 which both lines are below the weekly pivot point at 1.12540. The EMA of 10 is moving with bullish bias in the descendant channel and it is below the EMA of 200 and the EMA of 100. The RSI is moving below 50 level, the Stochastic is moving in middle ranges and the MACD line is on the signal line in the neutral territory. The ADX is showing buy signal.
The resistance level breakout will confirm the price growth towards 1.12700; there is a high possibility that EURUSD consolidate within the yellow area.