USD went under pressure after Friday’s key US jobs number.
The support rests at 1.09280 with resistance at 1.09650 which the weekly pivot point at 1.09570 is located in between the lines. The EMA of 10 is moving with bullish bias in the descendant channel and it is below the EMA of 200 and the EMA of 100. The RSI is rising towards overbought area, the Stochastic is moving in high ranges and the MACD line is above the signal line in the positive territory. The ADX is showing sell signal.
Considering the weak USD, the price may grow towards the upper Bollinger band at 1.09800; then sellers can expect the price decline.
