While the unemployment rate is growing worldwide, EUR is still in power.
The support rests at 1.09990 with resistance at 1.11470 which both lines are above the weekly pivot point at 1.08570. The EMA of 10 is moving with bullish bias in the ascendant channel and it is below the EMA of 200 and below the EMA of 100. 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 trying to complete the correction pattern by reaching 61.8 level of Fibonacci at 1.11600.

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