EUR went under pressure when Klaas Knot announced the possibility of lowering the rate to increase inflation.
The support rests at 1.20740 with resistance at 1.21310. The weekly pivot point at 1.21380 is located above the lines. The EMA of 10 is moving with bearish bias in the descendant channel and it is below the EMA of 100 and above the EMA of 200. The Stochastic is moving in low ranges, the RSI is moving in oversold area and the ADX is showing sell signal. The MACD indicator is in negative territory.
As long as the bearish pressure remains, sellers can target 1.20500.