EURUSD is moving lower due to the strong USD and weaker European inflation and retail sales.
The support rests at 1.20180 with resistance at 1.20840 which both lines are below the weekly pivot point at 1.21570. The EMA of 10 is moving with bearish bias in the descendant channel and it is below the EMA of 200 and the EMA of 100. The RSI is moving in oversold area, the Stochastic is moving in low ranges and the MACD line is on the signal line in the neutral territory. The ADX is showing sell signal.
EURUSD will continue its bearish trend within Andrews’ Pitchfork targeting 1.20.

eurusd

eurusd