Despite the promising US economic reports, EUR remained strong during the last week. Today the reports from Italy and Germany will determine the trend direction.
The support rests at 1.18370 with resistance at 1.19550 which the weekly pivot point at 1.18630is located in between the lines. The EMA of 10 is moving with bullish bias in the ascendant channel and it is above the EMA of 200 and the EMA of 100. The RSI is moving above 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 price growth, buyers can target 1.19800.
