Friday’s strong recovery gave support to EUR and EURUSD is under the influence of US-China trade war.
The support rests at 1.11250 with resistance at 1.11660 which both lines are above the weekly pivot point at 1.11160. 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 moving in oversold area, 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 reached the upper Bollinger band therefore there is a strong possibility that it drops to the lower band at 1.10400.