USD is under pressure due to slowdown in the US economy.
The support rests at 1.12670 with resistance at 1.13060 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 rising towards 50 level, the Stochastic is moving in middle ranges and the MACD line is on the signal line in the neutral territory. The ADX is not showing any clear signals.
It seems that EURUSD is trying to continue its decline within Andrew’s pitchfork targeting 1.12240.