While the US jobless claims and the Philly Fed Manufacturing data came better than expected, the index put USD on the pressure again the strong EUR.
The support rests at 1.17690 with resistance at 1.17960 which both lines are above the weekly pivot point at 1.16240. 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 moving in overbought area, the Stochastic is moving in high ranges, showing upward momentum and the MACD line is above the signal line in the positive territory. The ADX is showing strong buy signal.
It seems that EURUSD is growing towards 1.19.
