The Dallas Fed manufacturing business index rose and today there are many economic reports in the US and Eurozone.
The support rests at 1.11230 with resistance at 1.11430 which both lines are below the weekly pivot point at 1.11510. The EMA of 10 is moving horizontally in the descendant channel and it is below the EMA of 200 and the EMA of 100. The RSI is rising towards 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 not showing clear signals.
EURUSD is trying to consolidate within the support and resistance lines. Crossing the upper Bollinger band will confirm the correction pattern towards 1.11700.
