The European inflation indicator for March came worse than expected.
The support rests at 1.09920 with resistance at 1.10460 which both lines are above the weekly pivot point at 1.09760. The EMA of 10 is moving horizontally in the ascendant channel and it is above the EMA of 200 and the EMA of 100. The RSI is moving on 50 level, the Stochastic is moving in high ranges and the MACD line is below the signal line in the negative territory. The ADX is showing weak sell signal.
EURUSD is trying to consolidate within the support and resistance lines however the resistance level breakout will push the price up towards the upper Bollinger band at 1.11250.

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