EUR has been empowered by the strong economic reports in Eurozone and Germany.
The support rests at 1.08040 with resistance at 1.08550 which the weekly pivot point at 1.08300 is located in between the lines. The EMA of 10 is moving with bullish bias in the descendant channel and it is below the EMA of 100 and the EMA of 200. The RSI is moving on 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 sell signal.
While considering pullbacks on the way, EURUSD is growing towards 38.2 level of Fibonacci at 1.09000.
