manufacturing activity in the euro area came worse than expected and weighed on EUR.
The support rests at 1.11900 with resistance at 1.12120 which both lines are below the weekly pivot point at 1.12540. The EMA of 10 is moving with bearish bias in the descendant channel and it is below the EMA 100 and the EMA of 200. The RSI is falling towards oversold area and the Stochastic is moving in low ranges. The MACD line is on the signal line in the neutral territory. The ADX is not showing any clear signals.
It seems that EURUSD is falling down within Andrews’ pitchfork targeting 1.1170.
