EUR is getting empowered by Germany’s Ifo business expectations index data.
The support rests at 1.08400 with resistance at 1.08790 which both lines are above the weekly pivot point at 1.08300. The EMA of 10 is moving with bullish bias in the ascendant channel and it is below the EMA of 100 and the EMA of 200. 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.
EUR bulls are pushing the price up towards 1.09000.