EUR is under pressure due to Euro-zone’s Sentix investor confidence index.
The support rests at 1.12050 with resistance at 1.12290 which both lines are below the weekly pivot point at 1.12680. 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 on the signal line in the neutral territory. The ADX is showing sell signal.
EURUSD may continue its bearish trend towards the previous low at 1.11800.