The strong US ISM Manufacturing data supported USD against EUR. There are no major economic reports in Eurozone so the price direction is mostly determined by the US economic data.
The support rests at 1.18770 with resistance at 1.19370 which both lines are above the weekly pivot point at 1.18630. The EMA of 10 is moving with bearish bias in the ascendant channel and it is above the EMA of 200 and the EMA of 100. The RSI is moving on level 50, 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.
The bearish pressure is dragging down the price towards the lower Bollinger band at 1.18500.