The US slower economic growth has given EUR an opportunity to form the correction pattern.
The support rests at 1.16920 with resistance at 1.17320 which both lines are above the weekly pivot point at 1.16150. The EMA of 10 is moving with bullish bias in the ascendant channel and it is below the EMA of 200 and the EMA of 100. The RSI is falling towards the 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.
The price has already reached the 61.8 level of Fibonacci, the resistance level breakout will smooth the way for further growth towards 1.18; otherwise, EURUSD will find support at 1.15 area.