The US initial jobless claims declined and reached the lowest spot since March but manufacturing PMI came worse than expected.
The support rests at 1.17130 with resistance at 1.17610 which both lines are above the weekly pivot point at 1.17050. The EMA of 10 is moving with bullish bias in the ascendant channel and it is below the EMA of 200 and the EMA of 100. The RSI is moving on level 50, the Stochastic is showing downward momentum and the MACD line is below the signal line in the negative territory. The ADX is showing sell signal.
The support level breakthrough will push the price down towards 1.16800; otherwise bullish trend is expected to hit 1.17750.
