EUR grew against greenback due to initial results from the Parliamentary elections in Europe.
The support rests at 1.11840 with resistance at 1.12180 which both lines are above the weekly pivot point at 1.11750. The EMA of 10 is moving with bullish bias in the ascendant channel and it is below the EMA of 200 and above the EMA of 100. The RSI is falling towards 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 not showing any clear signals.
EURUSD has reached 61.8 level of Fibonacci and it might be time for reversal. Short positions are recommended towards 1.11600.

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