Euro-zone’s Markit manufacturing PMI grew more than expected along with Markit services PMI and Germany’s Markit manufacturing PMI.
The support rests at 1.16550 with resistance at 1.17650 which both lines are above the weekly pivot point at 1.15720. The EMA of 10 is moving with bullish bias in the ascendant channel and it is above the EMA of 200 and 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 growing towards 1.17700 which is the highest rate in the last recent years.