Despite the strong reports from Germany, EUR failed to recover the loss.
The support rests at 1.16000 with resistance at 1.16460 which both lines are below the weekly pivot point at 1.17050. 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 below level 50, the Stochastic is showing upward momentum and the MACD line is above the signal line in the positive territory. The ADX is not showing any clear signals.
EURUSD is trying to recover targeting 1.16900.
