the FOMC minutes will be released today and it will bring a lot of volatility for EURUSD.
The support rests at 1.16210 with resistance at 1.16490 which both lines are below the weekly pivot point at 1.16720. The EMA of 10 is moving with bullish bias in the descendant channel and it is below the EMA of 200 and the EMA of 100. The RSI is rising towards the 50 level, the Stochastic is showing downward momentum and the MACD indicator is in negative territory. The ADX is not showing any clear signals.
As long as the 1.17 area remains intact, EURUSD will continue its decline towards 1.14.

eurusd analysis