EUR has been under pressure and today there are no major economic reports in the US.
The support rests at 1.07890 with resistance at 1.08600 which both lines are below the weekly pivot point at 1.09100. 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 in oversold area, the Stochastic is showing upward momentum and the MACD line is below the signal line in the negative territory. The ADX is not showing any clear signals.
The support level breakthrough may push the price down towards the lower Bollinger band but EURUSD is trying to grow towards 1.10100.
