EUR has lost its momentum against USD and today German Markit Manufacturing PMI Final and Unemployment Rate will be released.
The support rests at 1.13080 with resistance at 1.13530 which both lines are below the weekly pivot point at 1.13760. The EMA of 10 is moving with bearish bias in the descendant channel and it is above the EMA of 200 and the EMA of 100. The RSI is falling towards oversold area, the Stochastic is showing downward momentum and the MACD line is below the signal line in the negative territory. The ADX is showing sell signal.
The bearish trend may continue within Andrew’s Pitchfork targeting 1.12860.
