Federal Reserve Chairman Jerome Powell Speaks today and there are no other important fundamental reports for EURUSD.
The support rests at 1.11860 with resistance at 1.12370 which both lines are below the weekly pivot point at 1.12990. The EMA of 10 is moving with bearish bias in the descendant channel and it is above the EMA of 200 and the EMA of 100. The RSI is moving below 50 level, the Stochastic is showing upward momentum and the MACD line is below the signal line in the negative territory. The ADX is not showing any clear signals.
Sellers can target the lower Bollinger band at 1.11700 and then buyers can return to the market.