A better-than-expected German factory orders figure may support EUR to start the correction pattern.
The support rests at 1.19140 with resistance at 1.19850 which both lines are below the weekly pivot point at 1.20020. The EMA of 10 is moving with bearish bias in 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 middle ranges and the MACD line is above the signal line in the positive territory. The ADX is showing sell signal.
The pair will continue its fall towards 1.1880; if the correction pattern starts buyers can target 1.208.