The trade war is running between the US and China and Europe.
The support rests at 1.10650 with resistance at 1.10860 which both lines are above the weekly pivot point at 1.10100. The EMA of 10 is moving with bullish bias in the ascendant channel and it is above the EMA of 200 and the EMA of 100. The RSI is falling towards 50 level, the Stochastic is showing downward momentum and the MACD line is above the signal line in the positive territory. The ADX is not showing any clear signals.
The upward trend may be limited below the resistance line therefore sellers can target the middle Bollinger band at 1.10500.

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