The ECB President speech and the German election today are the most influential events for EURUSD.
The support rests at 1.18970 with resistance at 1.19400 which both lines are below the weekly pivot point at 1.19470. The EMA of 10 is moving with bearish bias in the descendant channel but it is above the EMA of 200 and the EMA of 100. The RSI is falling towards the oversold area, the Stochastic is moving in low ranges and the MACD indicator is in negative territory. The ADX is not showing any clear signals.
Short positions are recommended targeting 1.1850.

eurusd analysis