The May US retail sales report will be published today that may affect the pair's dynamics. The German 10-year bond yields rose up relative to their UK and US counterparts which is a positive factor for the euro.
At the same time the Greece and the German bond yields have been increasing for three consecutive trading days that point out to the investors' negative expectations. However, the oil market positive dynamics may contribute to the euro demand.
The level of 1.1260 testing was short-term. Buyers again took an initiative and corrected the price upwards.
The price is finding the first support at 1.1260, the next one is 1.1150. The price is finding the first resistance at 1.1450, the next one is at 1.1675.
There is a confirmed and a strong buy signal. The price is above the Cloud and it is above the Chinkou Span. The Tenkan-sen and the Kijun-sen show show a horizontal movement and form a “Golden cross”. The upward movement will be until the price is above the Cloud.
The MACD indicator is in a positive territory. The price is growing.
The potential decrease targets are two levels of support: 1.1260 and 1.1150.