Durable Goods Orders increased in the US. Germany’s IFO Business Climate Index and IFO – Expectations came more than expected.
The support rests at 1.16680 with resistance at 1.18030 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 on bullish trend targeting the upper Bollinger band at 1.18000; pullbacks are expected on the way towards 1.16500.