Well-sustained bullish trend on the EUR/USD

The bullish correction on the EUR/USD is still in place and we can see on the daily chart that its next important resistance could be the 1.1600 and 1.1700 zone. On the daily chart we can also see that the 200 day exponential moving average is around the 1.1700 level, which makes that zone an even more important resistance area for the pair. On the lower part of the chart we can see the MACD indicator, which is a trend indicator. As long as the MACD line, blue line, is above its signal line, red dotted-line, then the trend is bullish. The bars on the histogram indicate the strength of the trend and we can see that the trend is getting stronger.