The EUR/USD current position is 1.1130. I'd consider the support 1.1110 as a short signal point in case of its breaching. Target for bears is 1.0900. The resistance 1.1150(MA25) will be the first significant level for bulls. The next one is 1.1190(MA55).
EUR/USD overview. The pair started correction after MA150(1D) testing in 0.5Fib area(1.1150). The bullish strong trend direction is forming. RSI (1D) shows 56 as a sign of market uncertainty. The news background for USD today is Oil news.
EUR/USD analysis: 1D: The pair touched MA150 level and fell to the current 1.1115 as a correction after impulse from 1.0880. The support level is 0.382Fib at 1.1085. The resistance level at 0.5Fib (1.1150) can be tested again as the current bullish trend continuation attempt.
EUR/USD signal points: H4: MA25 and MA55 crossed both MA150 and MA250 as a signal to buy, but the price will probably test the MA55(1.1080) level firstly, because of MA25 level breaching. 1D: MA150 level will be a signal point for bulls in case of it's breaching. There's also a probability of 0.382 (1.1080) level testing as a correction completion. And this level will be a signal point for bears.
The EURUSD completes five consecutive days falling and breaks below the 1.1000 level. The pair may continue falling, but a pullback to the 1.1000 level is possible. To the downside, its next support could be the 1.0900 level. Above the 1.1000 level, the 55 day EMA may act again as resistance as it did on the last pullback.
The EURUSD has been very volatile, leaving behind long shadows on the daily candle in both directions and keeping a small real body around the 1.1000 zone. From the current levels, the EURUSD may head in any direction, with the 1.1100 acting as resistance and the 1.0900 as support.