The economic reports from the EUR are weighing on EURUSD. Better than forecasted ISM Non-Manf. data may give USD some bullish push.
The support rests at 1.17120 with resistance at 1.17420 which both lines are above the weekly pivot point at 1.17010. The EMA of 10 is moving with bullish bias in the ascendant channel and it is below the EMA of 200 and the EMA of 100. The RSI is moving on level 50, the Stochastic is showing upward momentum and the MACD line is below the signal line in the negative territory. The ADX is not showing any clear signals.
While EURUSD may go above level 50 of Fibonacci, the bearish pressure is trying to hit 1.16500.