EURUSD reached the lowest level since March and Euro zone preliminary PMI data might help EUR to rise again.
The support rests at 1.21930 with resistance at 1.22340 which both lines are below the weekly pivot point at 1.23160. 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 showing upwards momentum and the MACD line is below the signal line in the negative territory. The ADX is showing sell signal.
EURUSD may fall towards the lower Bollinger band at 1.215 but if the correction pattern starts, the price will rise towards 1.23.