The growth in the yield of treasuries empowered USD against most major currencies recently.
The support rests at 1.19400 with resistance at 1.19790. The weekly pivot point at 1.21260 is located below the lines. The EMA of 10 is moving with bearish bias in the descendant channel and it is below the EMA of 100 and the EMA of 200. The Stochastic is moving in low ranges, the RSI is moving in oversold area and the ADX is showing sell signal. The MACD indicator is in negative territory.
The support line seems to be too strong to be violated however in this case sellers can expect further decline towards 1.18900.