The Euro-zone’s final consumer confidence index put EUR under more pressure against the strong USD.
The support rests at 1.16010 with resistance at 1.16570 which both lines are below the weekly pivot point at 1.17240. 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 in the oversold area, the Stochastic is moving in low ranges and the MACD line is below the signal line in the negative territory. The ADX is showing strong sell signal.
It seems that EURUSD is going to continue its decilne towards 61.8 level of Fibonacci at 1.15.