Data on manufacturing activity is weighing on EUR.
The support rests at 1.11470 with resistance at 1.11750 which both lines are below the weekly pivot point at 1.11860. 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 on 50 level, the Stochastic is moving in low ranges and the MACD line is below the signal line in the negative territory. The ADX is showing weak sell signal.
The resistance level breakout may push the price up towards 1.11900; otherwise, EURUSD will continue its bearish trend within Andrew’s Pitchfork towards 1.11300.
