While US is being empowered by the economic data, Euro-zone’s consumer confidence index, business climate and economic sentiment indicator will be released today.
The support rests at 1.08870 with resistance at 1.09290 which both lines are above the weekly pivot point at 1.08300. The EMA of 10 is moving with bullish bias in the ascendant channel and it is below the EMA of 100 and the EMA of 200. The RSI is moving in overbought 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.
EURUSD is making the correction pattern targeting 61.8 level of Fibonacci at 1.09700.