USD is being empowered by the economic data while EUR is under pressure due to the weak incoming data from the region.
The support rests at 1.17210 with resistance at 1.17700 which both lines are below the weekly pivot point at 1.18390. 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 RSI is moving in oversold area, the Stochastic is showing downward momentum and the MACD line is in the negative territory. The ADX is showing weak buy signal.
1.17 level breakdown will push the price down towards 1.165 .