Today the general fundamental background remains quite for EURUSD.
The support rests at 1.11510 with resistance at 1.12080 which both lines are below the weekly pivot point at 1.12330. The EMA of 10 is moving with bearish bias in the descendant channel and it is above the EMA of 200 and below the EMA of 100. The RSI is moving below 50 level, the Stochastic is moving in low ranges and the MACD line is below the signal line in the negative territory. The ADX is showing buy signal.
Considering the correction pattern, long term traders can target level 61.8 of Fibonacci at 1.10800; there might be bullish signs on way.
