This morning EUR opened the week with bearish tone and then started to settle.
The support rests at 1.18560 with resistance at 1.19680. The weekly pivot point at 1.19230 is located in between the lines. The EMA of 10 is moving with bearish bias in the horizontal channel and it is below the EMA of 100 and the EMA of 200. The Stochastic is moving in low ranges, the RSI is rising towards level 50 and the ADX is showing sell signal. The MACD indicator is in negative territory.
It seems that EURUSD maintains its bearish trend towards the previous low at 1.18340.