There are no major economic reports in the US or Eurozone to influence EURUSD therefore traders are looking ahead for FOMC minutes and the Brexit negotiations.
The support rests at 1.16220 with resistance at 1.16740 which both lines are above the weekly pivot point at 1.15930. The EMA of 10 is moving with bullish bias along the ascendant channel and it is above the EMA of 200 and the EMA of 100. The RSI is moving horizontally in the overbought area, the Stochastic is moving in high ranges and the MACD indicator is in positive territory. The ADX is showing weak buy signals.
Bulls are still in control of the chart so 1.17 will be their next target.

eurusd analysis