USD has been supported by the ISM Manufacturing data.
The support rests at 1.16960 with resistance at 1.17170 which both lines are below the weekly pivot point at 1.18230. The EMA of 10 is moving with bearish bias along the descendant channel and it is below 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 indicator is in negative territory. The ADX is showing sell signals.
EURUSD will continue its bearish trend towards 1.160.

eurusd analysis