EUR is under pressure after the USD empowerment. Today there are no major economic reports to influence the chart.
The support rests at 1.19480 with resistance at 1.19840 which both lines are below the weekly pivot point at 1.20380. The EMA of 10 is moving with bearish bias in the descendant channel and it is above 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 line is below the signal line in the negative territory. The ADX is showing sell signal.
The price may drop to 50 level of Fibonacci at 1.190 area but then it will rise again towards 1.21.

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