EUR may gain some momentum due to lack of influential reports or statements by the authorities.
The support rests at 1.16490 with resistance at 1.16880 which both lines are below the weekly pivot point at 1.18270. 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 in oversold area, the Stochastic is moving in high ranges and the MACD line is above the signal line in the positive territory. The ADX is not showing any clear signals.
EURUSD is trying to consolidate and move sideways within the support and resistance lines. The resistance line breakout may push the price towards 1.17500.