The factory orders data supported USD and today, most probably, USD will be empowered by the NFP data and the wages data as well.
The support rests at 1.16750 with resistance at 1.17170 which both lines are below the weekly pivot point at 1.18220. The EMA of 10 is moving with bearish bias along the descendant channel and it is below the EMA of 200 and the EMA of 100. The RSI is moving in oversold area, the Stochastic is moving in low ranges and the MACD indicator is in negative territory. The ADX is showing sell signals.
Short positions are recommended towards 1.15.

eurusd analysis