EUR has been under pressure due to weak German economic reports.
The support rests at 1.13870 with resistance at 1.15070 which the weekly pivot point at 1.14790 is located in between the lines. The EMA of 10 is moving with bearish bias in the descendant channel and it is above the EMA of 200 and the EMA of 100. The RSI is moving in oversold area and the Stochastic is showing downward momentum. The MACD line is below the signal line in the negative territory. The ADX is showing weak sell signal.
EURUSD may continue its decline towards 61.8 level of Fibonacci at 1.13800.
