The daily new cases are increasing in Europe. The US will be reporting positive economic reports.
The support rests at 1.17690 with resistance at 1.18350 which the weekly pivot point at 1.17890 is located in between the lines. The EMA of 10 is moving with bullish bias in the ascendant channel and it is above the EMA of 200 and the EMA of 100. The RSI is moving on level 50, the Stochastic is showing downward momentum and the MACD line is below the signal line in the negative territory. The ADX is showing sell signal.
The resistance line is too strong to be broken, the bearish pressure may be dragging the price down towards the lower Bollinger band at 1.17450.

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