The US Philadelphia Fed manufacturing index gave some support to USD against EUR. Today investors will be watching Markit Manufacturing PMI Flash closely.
The support rests at 1.13610 with resistance at 1.13870 which both lines are above the weekly pivot point at 1.12970. The EMA of 10 is moving with bullish bias in the ascendant channel and it is above the EMA 200 and the EMA of 100. The RSI is rising towards 50 level and the Stochastic is showing upward momentum. The MACD line is below the signal line in the negative territory. The ADX is not showing any clear signals.
The indicators are showing mixed signals. The resistance level breakout will push the price up towards the upper Bollinger band at 1.14300; otherwise, EURUSD may fall towards 1.13100.
