EUR was weakened due to Germany’s factory orders and today eyes will be on Germany’s industrial production for December.
The support rests at 1.13530 with resistance at 1.13690 which both lines are below the weekly pivot point at 1.14530. The EMA of 10 is moving with bearish bias in the descendant channel and it is below the EMA 100 and the EMA of 200. The RSI is moving in oversold area and the Stochastic is moving in low ranges. The MACD line is below the signal line in the negative territory. The ADX is showing sell signal.
The price has already reached 61.8 level of Fibonacci therefore the correction pattern may begin soon targeting 1.145.