EUR was under pressure due to devastating Eurozone Manufacturing PMI data but the US Manufacturing PMI increased.
The support rests at 1.17720 with resistance at 1.18200 which both lines are below the weekly pivot point at 1.18390. The EMA of 10 is moving with bearish bias in the ascendant channel and it is above the EMA of 200 and the EMA of 100. The RSI is growing towards level 50, the Stochastic is showing upward momentum and the MACD line is below the signal line in the negative territory. The ADX is not showing any clear signals.
EUR bears may push the price down towards 1.17500 followed by the price growth towards the upper Bollinger band at 1.19400.