The information about the proposal of the European Commission a package of economic assistance worth 1.85 trillion supported EUR against USD.
The support rests at 1.09690 with resistance at 1.10450 which both lines are above the weekly pivot point at 1.09040. 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 above 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 showing weak buy signal.
Bulls are in charge of the chart trying to push the price up towards 1.10700.