Draghi press conference could not take the price down since EUR was being empowered by the economic reports and USD was still weak.
The support rests at 1.16150 with resistance at 1.16430 which both lines are above the weekly pivot point at 1.14420. The EMA of 10 is moving with bullish bias along the ascendant channel and it is above the EMA of 200 and the EMA of 100. The RSI is moving horizontally in the overbought area, the Stochastic is moving in high ranges and the MACD indicator is in positive territory. The ADX is not showing any clear signals.
Long positions are recommended targeting 1.1850.

eurusd analysis