While there were no important and influential factors for EURUSD, EUR grew against USD which might be due to traders’ interest in buying EUR.
The support rests at 1.16410 with resistance at 1.17190 which the weekly pivot point at 1.17050 is located in between the lines. The EMA of 10 is moving with bullish bias in the descendant channel and it is below the EMA of 200 and the EMA of 100. The RSI is moving on level 50, 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.
Considering the correction pattern, EURUSD must be targeting level 61.8 of Fibonacci at 1.17700; however, the bearish pressure still remains which may drag the price down towards 1.1620.