EUR has been under pressure due to Euro-zone’s final manufacturing PMI.
The support rests at 1.12650 with resistance at 1.13100 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 moving in oversold area, the Stochastic is moving in low ranges and the MACD line is below the signal line in the negative territory. The ADX is showing sell signal.
EURUSD has already declined towards 61.8 level of Fibonacci and it might be time for the price reversal. Buyers can target 1.13300.