The US economic data could not support USD efficiently and today there are no major economic reports in Eurozone.
The support rests at 1.11950 with resistance at 1.12150 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 growing towards 50 level, the Stochastic is showing upward momentum and the MACD line is above the signal line in the positive territory. The ADX is not showing any clear signals.
The resistance level breakout will bring buyers to the market targeting 1.12500; otherwise EURUSD will continue its bearish trend within Andrew’s Pitchfork.

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