The Germany issue is weakening EUR against USD and on the other hand, the tax reforms bill is supporting USD.
The support rests at 1.18060 with resistance at 1.18730 which both lines are below the weekly pivot point at 1.18890. The EMA of 10 is moving with bullish bias in the ascendant channel and it is above the EMA of 200 and the EMA of 100. The RSI is moving below the 50 level, the Stochastic is showing downward momentum and the MACD line is below the signal line in the negative territory. The ADX is showing sell signals.
EURUSD may drop to 1.17 area however, it will get up soon towards 1.20.

eurusd analysis

eurusd