EURUSD has been trying to recover from the decline since Thursday and it managed to keep the support line intact.
The support rests at 1.17560 with resistance at 1.18040. The weekly pivot point at 1.18340 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 the EMA of 200. The Stochastic is moving in low ranges, the RSI is rising towards level 50 and the ADX is showing weak sell signal. The MACD indicator is in neutral territory.
The support line seems too strong to be violated, the EUR bulls may push the price towards the upper Bollinger band at 1.18500.