While Eurozone’s industrial production declined, the University of Michigan’s Consumer Sentiment Index and the Empire Manufacturing Index for June grew.
The support rests at 1.11940 with resistance at 1.12790 which both lines are below the weekly pivot point at 1.12990. The EMA of 10 is moving with bearish bias in the horizontal channel and it is above the EMA of 200 and the EMA of 100. The RSI is moving below level 50, the Stochastic is moving in low ranges and the MACD line is below the signal line in the negative territory. The ADX is not showing any clear signals.
The long term bullish trend remains. The temporary price decline may mark 1.11600.