EURUSD started its correction pattern and now eyes are on the reports from the US such as Personal Income and Spending MoM also the Unemployment Rate and Change from Germany.
The support rests at 1.15910 with resistance at 1.16930 which the weekly pivot point at 1.16150 is located in between the lines. The EMA of 10 is moving with bullish bias in the horizontal channel and it is below the EMA of 200 and the EMA of 100. The RSI is falling towards the 50 area, the Stochastic is moving in high ranges and the MACD is in the negative territory. The ADX is showing weak buy signal.
Considering the price growth, EURUSD may rise towards the upper Bollinger band at 1.17 but it will be fluctuating within the lower and upper bands.