Flash Markit manufacturing PMI growth supported EUR and the same thing happened for USD.
The support rests at 1.16620 with resistance at 1.17080 which the weekly pivot point at 1.16810 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 below the 50 level, the Stochastic is showing downward momentum and the MACD line is below the signal line in the negative territory. The ADX is not showing any clear signals.
The pair is finding consolidation within the Bollinger bands. There is not much volatility for the traders to gain profit.