Euro-zone’s unemployment rate remained unchanged and EUR could not gain momentum for the other economic reports.
The support rests at 1.10980 with resistance at 1.11190 which both lines are below the weekly pivot point at 1.11860. 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 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 within Andrew’s Pitchfork targeting 1.10800.
