EUR is under pressure due to France and Germany clash over next EU leaders.
The support rests at 1.11600 with resistance at 1.12010 which the weekly pivot point at 1.11750 is located in between the lines. The EMA of 10 is moving with bearish bias in the descendant channel and it is below the EMA of 200 and above the EMA of 100. The RSI is falling towards 50 level, the Stochastic is moving in low ranges and the MACD line is below the signal line in the negative territory. The ADX is showing sell signal.
The downward trend may continue towards the lower Bollinger band at 1.11500.
