There was a decline in industrial orders in Germany.
The support rests at 1.09590 with resistance at 1.09910 which both lines are below the weekly pivot point at 1.10610. 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 in oversold area, 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.
EURUSD is still under pressure falling down within Andrew’s Pitchfork targeting 1.09500.
