Today EURUSD will be volatile due to numerous economic reports being published in the US and Eurozone.
The support rests at 1.17290 with resistance at 1.18070 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 falling towards the oversold area, the Stochastic is showing downward momentum and the MACD line is above the signal line in the positive territory. The ADX is not showing any clear signals.
EURUSD is moving towards 1.17.

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