Germany published weak Industrial Production data for April which pressured the euro. (-1,3% vs. expectations -0,2%). In the Bonds markets, the 10-year government bonds yield in Germany decreased that also played into the hands of "bears".
The first support lies at 1.1350 and then at 1.1260. The first resistance stands at 1.1450, the next one is at 1.1550.
There is a confirmed and a strong sell signal. The price is under the Ichimoku Cloud and it is under the Chinkou Span. The Tenkan-sen and the Kijun-sen show a downward movement. The downward movement will be until the price is under the Cloud.
The MACD indicator is in a negative territory. The price is consolidating.
The potential decrease targets are two levels of support: 1.1350 and 1.1260.