EUR gained some strength during Asian market hours in today’s trading session.
The support rests at 1.17480 with resistance at 1.18000 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 rising towards the 50 level, the Stochastic is showing downward momentum and the MACD line is above the signal line in the positive territory. The ADX is showing sell signal.
The price may grow towards the resistance area, however, it will decline again towards 1.17.