The consumer confidence indicator failed to empower USD. Traders are attracted to EURUSD.
The support rests at 1.17210 with resistance at 1.17570 which both lines are above the weekly pivot point at 1.17050. The EMA of 10 is moving with bullish bias in the ascendant channel and it is below the EMA of 200 and the EMA of 100. The RSI is falling towards level 50, the Stochastic is moving in high ranges and the MACD line is above the signal line in the positive territory. The ADX is showing buy signal.
The chart may be creating a dead cat bounce. Considering the price growth buyers can target 1.17700 however the bearish pressure may push the price down towards 1.16800.