The disappointing economic reports in Italy is pushing EUR down against USD which is getting empowered.
The support rests at 1.20450 with resistance at 1.21110. The weekly pivot point at 1.21270 is located above the lines. The EMA of 10 is moving with bearish bias in the descendant channel and it is below the EMA of 200 and the EMA of 100. The Stochastic is moving in low ranges, the RSI is moving in oversold area and the ADX is showing sell signal. The MACD indicator is in negative territory.
As EUR is under pressure, sellers can target 1.20200.
