The pandemic is putting more pressure on EUR and Germany is applying more restrictions.
The support rests at 1.18180 with resistance at 1.18690. The weekly pivot point at 1.19230 is located above the lines. The EMA of 10 is moving with bearish bias in the descendant channel and it is below the EMA of 100 and the EMA of 200. The Stochastic is moving in low ranges, the RSI is moving in oversold area and the ADX is showing sell signal. The MACD indicator is in negative territory.
EUR bears will be targeting the next decline towards 1.18000.
