Germany’s GfK consumer confidence index dropped and USD has been under pressure due to poor economic data.
The support rests at 1.13330 with resistance at 1.13850 which both lines are above the weekly pivot point at 1.13100. 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 above 50 level, the Stochastic is showing downward momentum and the MACD line is below the signal line in the negative territory. The ADX is showing sell signal.
EURUSD is trying to find consolidation within the support and resistance lines. The support line seems to be too strong to be broken therefore the price may grow towards the upper Bollinger band at 1.14100.