USD is getting empowered as the US indices closed higher.
The support rests at 1.11710 with resistance at 1.12160 which both lines are below the weekly pivot point at 1.12350. 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 moving in low ranges and the MACD line is below the signal line in the negative territory. The ADX is showing sell signal.
EURUSD may continue its bearish trend towards the lower band of descendant channel at 1.11500.