The weak private sector data from Germany and France is weighing on EUR also USD is under pressure due to new orders and employment data.
The support rests at 1.12980 with resistance at 1.13270 which both lines are below the weekly pivot point at 1.13390. 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 the 50 level and the Stochastic is moving in middle ranges. The MACD line is below the signal line in the negative territory. The ADX is showing buy signal.
EURUSD may grow towards 61.8 level of Fibonacci at 1.1375.
