USD was weakened due to disappointing US retail sales data but today’s reports such as US Retails Sales, Core Retail Sales, PPI and Core PPI data may empower USD.
The support rests at 1.12600 with resistance at 1.12920 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 showing downward momentum. The MACD line is above the signal line in the positive territory. The ADX is showing sell signal.
The support level breakthrough may push the price down towards 1.1250.