GfK German Consumer Climate is being released today which is the most influential data for EURUSD.
The support rests at 1.12960 with resistance at 1.13260 which both lines are below the weekly pivot point at 1.13410. The EMA of 10 is moving horizontally in the descendant channel and it is below the EMA 100 and the EMA of 200. The RSI is moving below 50 level and the Stochastic is showing downward momentum. The MACD line is below the signal line in the negative territory. The ADX is not showing any clear signals.
The price may decline towards 61.8 level of Fibonacci at 1.12800 and then gives buyers an opportunity to target 1.13500.
