EURUSD managed to reach higher due to the weak USD. However, the US macro data came better than expected and created a strong resistance area.
The support rests at 1.17040 with resistance at 1.17420 which both lines are above the weekly pivot point at 1.16770. The EMA of 10 is moving with bullish bias in the ascendant channel and it has reached the EMA of 100, they are both above the EMA of 200. The RSI is rising towards the overbought area, the Stochastic is moving in high ranges and the MACD line is above the signal line in the positive territory. The ADX is showing strong buy signal.
EURUSD might grow towards 1.1745 but then it will decline again towards 1.16.

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