There has been unexpected decline in Euro-zone’s seasonally adjusted retail sales and Germany’s construction PMI.
The support rests at 1.12620 with resistance at 1.12880 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 falling towards oversold area, the Stochastic is moving in low ranges and the MACD line is above the signal line in the positive territory. The ADX is showing sell signal.
EURUSD is moving within Bollinger bands in a tight range. The price is trying to find some consolidation within the bands.