The Chinese economic reports could not push the price towards 1.13400 area and today German Markit Manufacturing PMI Flash came below the expected.
The support rests at 1.12560 with resistance at 1.13070 which the weekly pivot point at 1.12780 is located in between the lines. The EMA of 10 is moving with bearish bias in the descendant channel and it is above the EMA 200 and the EMA of 100. The RSI is falling towards oversold area and the Stochastic is moving in low ranges. The MACD line is below the signal line in the negative territory. The ADX is showing sell signal.
The support level breakthrough may drag the price down towards 1.12500.