Last week comments of ECB officials on the euro exchange rate put EUR under pressure. USD is trying to recover from the last recent decline.
The support rests at 1.17840 with resistance at 1.18280 which both lines are below the weekly pivot point at 1.18770. The EMA of 10 is moving with bearish bias in the ascendant channel and it is above the EMA of 200 and below the EMA of 100. The RSI is rising towards level 50, the Stochastic is moving in low ranges and the MACD line is below the signal line in the negative territory. The ADX is showing sell signal.
Sellers can target 1.17500 but the bullish trend is going to start afterwards.