The US JOLTS job openings grew unpredictably and Euro-zone’s Sentix investor confidence index grew as well.
The support rests at 1.16960 with resistance at 1.17800 which both lines are below the weekly pivot point at 1.17990. The EMA of 10 is moving with bearish bias in the ascendant 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 below the signal line in the negative territory. The ADX is showing sell signal.
The support level breakthrough will confirm the correction pattern but it seems that EURUSD is trying to consolidate within the lower Bollinger band.
