The US ISM Manufacturing Index put USD under pressure.
The support rests at 1.11480 with resistance at 1.11750 which both lines are below the weekly pivot point at 1.11860. The EMA of 10 is moving with bearish bias in the descendant channel and it is above the EMA of 200 and the EMA of 100. The RSI is moving on 50 level, 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 correction pattern has already been created, the decline may be limited by the support line. EURUSD may grow towards 1.11900.

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