The reports of the U.S. economy and labor market support USD but later Kaplan’s speech put pressure on USD.
The support rests at 1.13230 with resistance at 1.13590 which both lines are above the weekly pivot point at 1.12890. The EMA of 10 is moving with bullish bias in the ascendant channel and it is below the EMA 100 and the EMA of 200. The RSI is moving on 50 level and the Stochastic is moving in low ranges. The MACD line is on the signal line in the neutral territory. The ADX is not showing any clear signals.
It seems that EURUSD is trying to consolidate within the support and resistance zone however, the trend is prone to upward movement within Andrews’ Pitchfork.