The Eurozone’s producer price index grew along with Germany’s retail sales.
The support rests at 1.12750 with resistance at 1.13020 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 below the EMA of 100. The RSI is moving below 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 sell signal.
It seems that EURUSD is trying to find some consolidation close to EMA of 100 and 200 however the support level breakthrough will confirm the bearish trend towards the lower Bollinger band at 1.12400.