Euro-zone’s industrial production is supporting EUR against the weak USD.
The support rests at 1.11280 with resistance at 1.12930 which the weekly pivot point at 1.12270 is located in between the lines. The EMA of 10 is moving with bearish bias in the descendant channel and it is above the EMA of 100 and the EMA of 200. The RSI is moving below 50 level, the Stochastic is moving in middle ranges and the MACD line is below the signal line in the negative territory. The ADX is showing sell signal.
It seems that EURUSD has completed the correction pattern therefore buyers can target 1.1290.