USD has been under pressure due to poor economic data but today things may turn around since the US will publish CPI data.
The support rests at 1.17920 with resistance at 1.18580 which both lines are above the weekly pivot point at 1.17390. The EMA of 10 is moving with bullish bias in the descendant channel and it is below the EMA of 200 and above the EMA of 100. The RSI is falling towards the 50 level, the Stochastic is showing upward momentum and the MACD indicator is in positive territory. The ADX is not showing any clear signals.
Indicators are not presenting strong signals for the price direction. The resistance level breakout will lead the pair towards 1.20 area and the support level breakthrough will drag the price down to 1.170 area.

eurusd analysis