On Friday the reports from Eurozone came disappointing and the US yields on government bonds grew a bit and it can be a reason for EURUSD failure regarding the correction move.
The support rests at 1.18700 with resistance at 1.19090. The weekly pivot point at 1.18550 is located below the lines. The EMA of 10 is moving horizontally in the ascendant channel and it is above the EMA of 100 and below the EMA of 200. The Stochastic is moving in middle ranges, the RSI is falling towards level 50 and the ADX is showing sell signal. The MACD indicator is in negative territory.
The support level will confirm the bearish trend towards 1.18000.
