EUR gained some strength after Trump’s decision to introduce additional duties on Chinese goods.
The support rests at 1.10450 with resistance at 1.11200 which both lines are below the weekly pivot point at 1.11510. 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 moving below 50 level, the Stochastic is moving in high ranges and the MACD line is on the signal line in the neutral territory. The ADX is not showing any clear signals.
Considering the correction pattern buyers can target 38.2 level of Fibonacci at 1.11600.
