The reports from Germany may support EUR from further decline. The US treasury yields grew.
The support rests at 1.16380 with resistance at 1.17010 which both lines are below the weekly pivot point at 1.18270. 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.
While EUR might consolidate a bit on the first half of the day, further drop is expected towards 1.15800.