There were no major economic reports in Eurozone and today Joe Biden explains his economic development plan.
The support rests at 1.21180 with resistance at 1.21740. 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 middle ranges, the RSI is moving below level 50 and the ADX is showing sell signal. The MACD indicator is in neutral territory.
The support level breakthrough will confirm the bearish trend towards 1.20000; otherwise buyers can expect the upper Bollinger band at 1.22150.