ISM Non-Manf. came lower than forecasted. Today there is no major reports in Eurozone so EURUSD will be under the influence of US data.
The support rests at 1.18230 with resistance at 1.18800 which the weekly pivot point at 1.18630 is located in between the lines. The EMA of 10 is moving horizontally in the ascendant channel and it is above the EMA of 200 and the EMA of 100. The RSI is falling towards oversold area, the Stochastic is moving in high ranges and the MACD line is below the signal line in the negative territory. The ADX is showing sell signal.
The support line seems too strong to be violated. Bullish trend is expected towards 1.19000.