EUR has been empowered by Euro-zone economic sentiment index.
The support rests at 1.10130 with resistance at 1.10420 which both lines are below the weekly pivot point at 1.10550. The EMA of 10 is moving with bullish bias in the descendant channel and it is below the EMA of 100 and the EMA of 200. The RSI is moving on 50 level, the Stochastic is showing downward momentum and the MACD line is above the signal line in the positive territory. The ADX is showing sell signal.
The resistance level breakout will confirm the correction pattern first targeting 38.2 level of Fibonacci at 1.10600.