EUR was empowered by the data from applications for claims for unemployment benefits yesterday.
The support rests at 1.17590 with resistance at 1.17950. The weekly pivot point at 1.18340 is located above the lines. The EMA of 10 is moving with bullish bias in the descendant channel and it is below the EMA of 100 and the EMA of 200. The Stochastic is moving in high ranges, the RSI is moving on level 50 and the ADX is not showing any clear signals. The MACD indicator is in positive territory.
The downward pressure remains and it is dragging the price down towards 1.17000.