Dovish Powell’s Comments empowered EUR to form the correction pattern.
The support rests at 1.13460 with resistance at 1.14080 which the weekly pivot point at 1.13800 is located in between the lines. The EMA of 10 is moving with bullish bias in the ascendant channel and it is below the EMA of 100 and the EMA of 200. The RSI is moving above the 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 buy signal.
Considering the fact that the correction pattern has started, EURUSD may grow towards 1.1435.