Based on the predictions USD will be empowered by the ISM manufacturing PMI data.
The support rests at 1.16920 with resistance at 1.17460. The weekly pivot point at 1.18340 is located above the lines. The EMA of 10 is moving with bearish bias in the descendant channel and it is below the EMA of 100 and the EMA of 200. The Stochastic is moving in low ranges, the RSI is moving below level 50 and the ADX is showing sell signal. The MACD indicator is in positive territory.
The support level breakout will push the price down towards 1.16500.
