While USD was in power, EUR went under pressure after the weak reports from Germany.
The support rests at 1.18240 with resistance at 1.18970. 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.
EURUSD is trying to recover from the recent decline however the support level breakthrough will pave the way for 1.18000.

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