There are no economic reports in the US due to the holiday therefore EURUSD will be chiefly under the influence of Eurogroup Meeting.
The support rests at 1.17120 with resistance at 1.17540 which the weekly pivot point at 1.17390 is located in between the lines. The EMA of 10 is moving horizontally in the descendant channel and it is below the EMA of 200 and the EMA of 100. The RSI is moving on the 50 level, the Stochastic is moving in high ranges and the MACD indicator is in negative territory. The ADX is showing weak buy signals.
The resistance level seems to be too strong to be broken, therefore short positions are recommended towards 1.16530.

eurusd analysis