EURUSD is almost free from the economic and political reports therefore this pair will be consolidating this week without being too much volatile.
The support rests at 1.11750 with resistance at 1.12030 which both lines are above the weekly pivot point at 1.11130. The EMA of 10 is moving with bullish bias along the ascendant channel and it is above the EMA of 100 and the EMA of 200. The RSI is moving horizontally in overbought area, the Stochastic is showing downward momentum and the MACD indicator is in positive territory. The ADX is showing buy signals.
The resistance level breakout will pave the way for further growth. Pullbacks will be observed on the way up.

eurusd analysis