On Monday there were no major economic reports. EUR is still under pressure due to the cases of Corona.
The support rests at 1.17980 with resistance at 1.18480 which the weekly pivot point at 1.18150 is located in between the lines. The EMA of 10 is moving with bearish bias in the ascendant channel and it is above the EMA of 200 and the EMA of 100. The RSI is moving below level 50, the Stochastic is moving in low ranges and the MACD line is below the signal line in the negative territory. The ADX is not showing any clear signals.
The support level breakthrough will push the price down towards 1.17500; otherwise long positions are recommended towards 1.18600.