The US Retail Sales did not grow as forecasted. EUR is moving strongly against USD.
The support rests at 1.11300 with resistance at 1.11480 which both lines are above the weekly pivot point at 1.11240. The EMA of 10 is moving with bearish bias in the ascendant channel and it is above the EMA of 200 and the EMA of 100. The RSI is rising towards overbought area, the Stochastic is moving in low ranges and the MACD line is below the signal line in the negative territory. The ADX is showing buy signal.
The support level breakthrough may push the price down towards 1.11000.