EUR declined yesterday for about 7 points. The economic reports in the US and large-scale vaccination are in favor of USD growth.
The support rests at 1.19810 with resistance at 1.20590. The weekly pivot point at 1.21260 is located above the lines. The EMA of 10 is moving with bearish bias in the descendant channel and it is below the EMA of 100 and above the EMA of 200. The Stochastic is showing downward momentum, the RSI is moving in oversold area and the ADX is showing sell signal. The MACD indicator is in neutral territory.
EUR bears are pushing the price down towards 1.19500.