There are many influential economic data being released in Eurozone and the US today which will bring vitality to the market.
The support rests at 1.10530 with resistance at 1.10770 which both lines are above the weekly pivot point at 1.10360. The EMA of 10 is moving with bullish bias in the ascendant channel and it is below the EMA of 200 and above the EMA of 100. The RSI is moving above 50 level, the Stochastic is moving in high ranges and the MACD line is above the signal line in the positive territory. The ADX is not showing any clear signals.
Considering the price growth, buyers can target the upper Bollinger band at 1.11100.
