EURUSD had a quiet day yesterday but today the pair will be more volatile due to PPI data from the US and the ECB President’s speech.
The support rests at 1.17550 with resistance at 1.17880 which both lines are below the monthly pivot point at 1.18060. The EMA of 10 is moving with bearish bias in the descendant channel and it is below the EMA of 200 and the EMA of 100. The RSI is rising towards the 50 level, the Stochastic is moving in low ranges and the MACD indicator is in negative territory. The ADX is showing buy signals. The price is moving in lower Bollinger band.
EURUSD is covering the loss and it is growing towards 1.187.

eurusd analysis