EUR is being supported by the Manufacturing PMI in Germany but it is losing power due to Services PMI.
The support rests at 1.07060 with resistance at 1.07480 which both lines are above the weekly pivot point at 1.06660. The EMA of 10 is moving with bearish bias but it is above the EMA of 100 and the EMA of 200. The RSI is moving close to 50 level, the Stochastic is showing downward momentum and the MACD indicator is in positive territory. The ADX is showing a sell signal. The price is falling down within Andrew’s pitchfork.
Bears are controlling the chart therefore sellers can target 61.8 level of Fibonacci retracement at 1.066 area.

eurusd analysis

eurusd