The US strong consumer confidence data supported USD however it was not enough to start the correction pattern.
The support rests at 1.16180 with resistance at 1.16580 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 on the 50 level, the Stochastic is moving in low ranges and the MACD indicator is in positive territory. The ADX is showing buy signals.
Despite the USD effort to drag the price down, the pair is growing up towards 1.17.

eurusd analysis

eurusd