EURUSD is trying to form the correction pattern and today there are no major economic reports to speed up the process.
The support rests at 1.11980 with resistance at 1.12190 which both lines are above the weekly pivot point at 1.11850. The EMA of 10 is moving horizontally in the ascendant channel and it is above the EMA of 200 and the EMA of 100. The RSI is falling towards 50 level, the Stochastic is showing downward momentum and the MACD line is below the signal line in the negative territory. The ADX is not showing any clear signals.
The main trend is not clear yet, the support level breakthrough can push the price down towards 1.11500.

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