Yesterday the market was so quiet and the EUR bulls failed to break the resistance line.
The support rests at 1.17460 with resistance at 1.18060. 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 moving in overbought area and the ADX is showing sell signal. The MACD indicator is in neutral territory.
EURUSD is falling down within the descendant channel targeting 1.17200.