While Euro-Zone’s Manufacturing PMI rises, USD is getting empowered by US manufacturing data.
The support rests at 1.10330 with resistance at 1.10710 which the weekly pivot point at 1.10610 is located in between the lines. The EMA of 10 is moving with bearish bias in the descendant channel and it is below the EMA of 100 and the EMA of 200. The RSI is moving on 50 level, the Stochastic is moving in middle ranges and the MACD line is below the signal line in the negative territory. The ADX is showing sell signal.
The price decline may continue towards 61.8 level of Fibonacci at 1.10300.