The Italian budget continues to put downward pressure on EUR. Germany Markit Manufacturing PMI Flash will be released soon.
The support rests at 1.14530 with resistance at 1.14930 which both lines are below the weekly pivot point at 1.15230. 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 below the 50 level, the Stochastic is showing downward momentum and the MACD line is above the signal line in the positive territory. The ADX is showing sell signal.
The support level breakthrough may push the price down towards the previous low at 1.13.

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