Lower German-US yield differential weighed on EUR and kept EUR bulls away.
The support rests at 1.12610 with resistance at 1.13150 which both lines are below the weekly pivot point at 1.13680. The EMA of 10 is moving with bearish bias in the descendant channel and it is below the EMA 100 and the EMA of 200. The RSI is falling towards oversold area and the Stochastic is moving in low ranges. The MACD line is below the signal line in the negative territory. The ADX is not showing any clear signals.
EURUSD may continue its decline within the bearish zone targeting 1.1200.