Disappointing US housing data and weaker consumer confidence put USD under pressure.
The support rests at 1.12550 with resistance at 1.12980 which both lines are below the weekly pivot point at 1.13410. The EMA of 10 is moving with bearish bias in the descendant channel and it is below the EMA 100 and the EMA of 200. The RSI is rising towards 50 level and the Stochastic is moving in low ranges. The MACD line is below the signal line in the negative territory. The ADX is showing sell signal.
The support level breakthrough may push the price down towards 1.12200; otherwise EURUSD may grow towards 1.13500.

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