The US ISM Manufacturing PMI is expected to grow and the Euro Area GDP decreased.
The support rests at 1.16740 with resistance at 1.18200 which the weekly pivot point at 1.17740 is located in between the lines. 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 weak sell signal.
Considering the bearish pressure, sellers can target the lower Bollinger band at 1.17000.