EUR has been empowered by the strong economic data in Eurozone such as Euro-zone’s consumer confidence.
The support rests at 1.09870 with resistance at 1.10440 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 above 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 growing towards 1.10400 but it is also trying to consolidate within the green zone.
