EUR bulls failed to grow higher due to the US strong economic data.
The support rests at 1.12450 with resistance at 1.12750 which the weekly pivot point at 1.12500 is located in between the lines. The EMA of 10 is moving with bullish bias in the horizontal channel and it is below the EMA of 200 and 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.
The resistance level breakout will confirm the correction pattern towards 61.8 level of Fibonacci at 1.13200; otherwise, EURUSD will continue its consolidation within the support and resistance lines.
