The NY Empire State manufacturing index declined which gave EUR an opportunity to grow.
The support rests at 1.10840 with resistance at 1.11920 which both lines are below the weekly pivot point at 1.12180. The EMA of 10 is moving horizontally in the descendant channel and it is above the EMA of 100 and the EMA of 200. The RSI is moving below 50 level, the Stochastic is moving in middle ranges and the MACD line is above the signal line in the positive territory. The ADX is not showing any clear signals.
The resistance level breakout will confirm the bullish trend towards 1.12450; otherwise, EURUSD will continue its decline towards 1.10500.
