USD has started the year strongly and the manufacturing PMI from the Eurozone could not support EUR against USD.
The support rests at 1.13470 with resistance at 1.13860 which both lines are below the weekly pivot point at 1.14200. 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 rising towards the 50 level and the Stochastic is moving in low ranges. The MACD line is below the signal line in the negative territory. The ADX is not showing any clear signals.
EURUSD may grow towards 61.8 level of Fibonacci at 1.141 but then sellers can return to the market.
