Despite strong German Economic Data and poor US Retail Sales EUR remains under pressure.
The support rests at 1.11940 with resistance at 1.12140 which both lines are below the weekly pivot point at 1.12180. The EMA of 10 is moving with bearish bias in the descendant channel and it is below the EMA of 200 and above the EMA of 100. The RSI is moving below 50 level, the Stochastic is showing upward momentum and the MACD line is below the signal line in the negative territory. The ADX is showing buy signal.
It seems that EURUSD is trying to find some consolidation within the coloured area, however, the resistance level breakout may push the price towards 1.12500.
