EUR is under pressure due to the Italian politics, German politics and the EU economic reports.
The support rests at 1.15950 with resistance at 1.17060 which the weekly pivot point at 1.16670 is located in between the lines. The EMA of 10 is moving with bullish bias in the ascendant channel and it is below the EMA of 200 and the EMA of 100. The RSI is rising towards the overbought area, the Stochastic is moving in high ranges and the MACD is in the neutral territory. The ADX is showing buy signal.
The resistance level breakout will push the pair towards 1.18; otherwise, the price has already reached the upper Bollinger band therefore it might start its decline towards 1.15.

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