The upbeat retail sales readings gave some support to US stocks.
The support rests at 1.12380 with resistance at 1.12840 which both lines are below the weekly pivot point at 1.12990. 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 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 showing weak sell signal.
The bears may target the lower Bollinger band at 1.12150 and then buyers can return to the market.