USD is being empowered as investors increase bets on two rate cuts.
The support rests at 1.11460 with resistance at 1.11690 which both lines are below the weekly pivot point at 1.11750. 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 falling towards 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 sell signal.
The bearish pressure may continue towards 1.11300.