Although yesterday was holiday in the US, USD is getting empowered and it is beating the EUR which is supported by the economic reports.
The support rests at 1.23580 with resistance at 1.24120 which the weekly pivot point at 1.23990 is located in between the lines. The EMA of 10 is moving with bearish bias in the descendant channel but it is above the EMA of 200 and the EMA of 100. The RSI is moving below the 50 level, the Stochastic is showing downward momentum and the MACD line is below the signal line in the negative territory. The ADX is showing sell signal.
EURUSD will continue its bearish trend towards 61.8 level of Fibonacci at 1.233.

eurusd

eurusd