US markets finished yesterday in red. The US Unemployment Claims will be the most influential economic reports for EURUSD.
The support rests at 1.18160 with resistance at 1.18820 which both lines are above the weekly pivot point at 1.17450. 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 showing downward momentum and the MACD line is above the signal line in the positive territory. The ADX is showing buy signal.
While considering pullbacks on the way EURUSD is growing towards the upper Bollinger band at 1.19000.