Surprisingly, the press conference by Mario Draghi did not support EURUSD and the pair fell towards 1.16 area.
The support rests at 1.16110 with resistance at 1.16410 which both lines are below the weekly pivot point at 1.17880. 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 low ranges and the MACD indicator is in negative territory. The ADX is showing buy signals.
EURUSD will start its correction pattern soon meanwhile it may decline more towards 1.15.

eurusd analysis

eurusd