USD is under pressure due to U.S. stocks reports. The US Personal Income fell and Personal Spending grew.
The support rests at 1.12080 with resistance at 1.12920 which the weekly pivot point at 1.12330 is located in between the lines. The EMA of 10 is moving with bullish bias in the descendant channel and it is above the EMA of 200 and the EMA of 100. The RSI is moving above level 50, the Stochastic is showing upward momentum and the MACD line is on the signal line in the neutral territory. The ADX is showing buy signal.
EURUSD downward trend is limited by the support line, buyers can target the upper Bollinger band at 1.13000.