The economic reports from the Eurozone do not seem important however positive reports can help EUR grow further.
The support rests at 1.21340 with resistance at 1.22150. The weekly pivot point at 1.21040 is located in below the lines. The EMA of 10 is moving with bullish bias in the ascendant channel and it is above the EMA of 100 and the EMA of 200. The Stochastic is moving in high ranges, the RSI is falling towards level 50 and the ADX is showing weak buy signal. The MACD indicator is in neutral territory.
The COT report shows that the demand for USD purchase is declining. EURUSD is trying to hit 1.22500.
