ZEW survey along with other economic reports in Eurozone weakened EUR against USD.
The support rests at 1.15500 with resistance at 1.15890 which both lines are above the weekly pivot point at 1.15340. The EMA of 10 is moving with bearish bias in the ascendant channel and it is below the EMA of 200 and the EMA of 100. The RSI is falling towards the oversold 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 sell signal.
The support area seems to be too strong to be broken, EURUSD may rise towards the upper Bollinger band at 1.162.

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