Yesterday EUR managed to cover the recent fall and it might be time for some consolidation.
The support rests at 1.17670 with resistance at 1.18410 which both lines are above the weekly pivot point at 1.17450. The EMA of 10 is moving with bullish bias in the ascendant channel and it is above the EMA of 200 and the EMA of 100. The RSI is moving on level 50, the Stochastic is moving in low ranges and the MACD line is below the signal line in the negative territory. The ADX is showing weak sell signal.
While bears are pushing the price down, the support line seems too strong to be violated. The bulls may return to the market at hit 1.18700.