Factory Orders and Durable Goods Orders increased in the US and the USD bulls are still empowering the market.
The support rests at 1.17620 with resistance at 1.18260 which both lines are below the weekly pivot point at 1.18630. 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 in oversold area, 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.
Considering the price decline, sellers can target 1.17200.