EURUSD resumed its bearish trend as the week began. The devastating reports from the AstraZeneca vaccine put more pressure on EUR.
The support rests at 1.19100 with resistance at 1.19610. The weekly pivot point at 1.19260 is located in between the lines. The EMA of 10 is moving with bearish bias in the descendant channel and it is below the EMA of 100 and the EMA of 200. The Stochastic is moving in middle ranges, the RSI is moving on level 50 and the ADX is not showing any clear signals. The MACD indicator is in negative territory.
It would be safer to remain bearish on EURUSD. After reaching the lower Bollinger band sellers can expect 1.18600.
