Turkish crisis and German 10-year bond yields decline put EUR under pressure.
The support rests at 1.13590 with resistance at 1.14050 which both lines are below the weekly pivot point at 1.14750. The EMA of 10 is moving with bearish bias in the descendant channel and it is below the EMA of 100 and the EMA of 200. 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 strong sell signal.
The resistance level breakout will push the price up towards 1.145; but the bearish pressure continues to drag the price down towards 1.13.
