EUR has been trading in consolidation phase for hours at the price of 1.1147. The price is still trading in the upward cycle and most recently there is potential bear corrective structure that it may end.
As long as the EUR is trading above the support at the price of 1.1000, I expect further upside movement.
MACD oscillator is showing positive reading above the zero
Stochastic is showing fresh new bull cross, which is another sign for the further upside continuation.
Resistance levels are seen at 1.1197 and 1.1230
Main support level is set at the price of 1.1100
