USD is in demand due to the tensions between the US and China.
The support rests at 1.08710 with resistance at 1.09160 which both lines are below the weekly pivot point at 1.09360. The EMA of 10 is moving with bearish bias in the descendant channel and it is above the EMA of 200 and the EMA of 100. The RSI is falling towards 50 level, the Stochastic is moving in low ranges and the MACD line is below the signal line in the negative territory. The ADX is not showing any clear signals.
While the bearish pressure remains, sellers can target 1.08500.
