There are no influential reports in Eurozone today but reports on GDP and durable goods orders will be published in the United States.
The support rests at 1.12190 with resistance at 1.12790 which the weekly pivot point at 1.12330 is located in between the lines. The EMA of 10 is moving with bearish bias in the descendant channel and it is above 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 the bearish pressure remains, sellers can target the previous low at 1.11670.