While there were no major economic reports in Eurozone, EUR continued its growth against USD however traders don’t seem to be buying EUR any longer.
The support rests at 1.12480 with resistance at 1.13000 which both lines are above the weekly pivot point at 1.12330. The EMA of 10 is moving with bullish bias in the descendant channel and it is above the EMA of 200 and the EMA of 100. The RSI is moving above 50 level, the Stochastic is moving in high ranges and the MACD line is above the signal line in the positive territory. The ADX is showing buy signal.
The resistance line seems to be too strong to be broken, sellers can target the lower Bollinger band at 1.11660.