While preliminary consumer confidence index in Euro zone declined the US housing price index grew.
The support rests at 1.11200 with resistance at 1.11500 which both lines are above the weekly pivot point at 1.11110. The EMA of 10 is moving horizontally in the ascendant channel and it is above the EMA of 200 and the EMA of 100. The RSI is moving on 50 level, the Stochastic is moving in high ranges and the MACD line is below the signal line in the negative territory. The ADX is showing buy signal.
The price is moving close to the middle band; it seems that EURUSD is trying to consolidate within the Bollinger bands.
