EUR is moving with a bearish tone and Lagarde’s statement could not support EUR against USD.
The support rests at 1.21240 with resistance at 1.22070. The weekly pivot point at 1.22550 is located above the lines. The EMA of 10 is moving with bearish bias in the short term descendant channel and it is above the EMA of 200 and below the EMA of 100. The Stochastic is moving in low ranges, the RSI is moving in oversold area and the ADX is showing sell signal. The MACD indicator is in neutral territory.
EURUSD is finding consolidation around the EMA of 100 and 200. The decline may continue towards 1.20750.

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