Due to devastating US economic reports, EURUSD will be in hands of bulls.
The support rests at 1.18460 with resistance at 1.19270 which both lines are above the weekly pivot point at 1.18050. The EMA of 10 is moving with bullish bias in the ascendant channel and it is above the EMA of 200 and the EMA of 100. The RSI is falling towards level 50, the Stochastic is moving in high ranges and the MACD line is above the signal line in the positive territory. The ADX is showing buy signal.
EURUSD might break the consolidation area and move towards 1.19300.