EUR gained some support due to worldwide spread of Covid-19 and on the other hand the US is considering partial quarantine to manage the pandemic.
The support rests at 1.12600 with resistance at 1.13050 which both lines are above the weekly pivot point at 1.12460. 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 below level 50, 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 bearish pressure may drag the price down towards the lower Bollinger band at 1.12400.
