The US employment data was released on Friday and gave a push to USD growth. It seems that technical, fundamental and macroeconomic data are all in favor of USD growth.
The support rests at 1.18690 with resistance at 1.19420. The weekly pivot point at 1.19730 is located above the lines. The EMA of 10 is moving with bearish bias in the descendant channel and it is below the EMA of 100 and the EMA of 200. The Stochastic is moving in low ranges, the RSI is moving in oversold area and the ADX is showing sell signal. The MACD indicator is in negative territory.
The bearish pressure is dragging the price down towards the lower Bollinger band at 1.18500.