There are no major economic reports in the US or Eurozone however there is ECB President Draghi’s speech which may influence EURUSD.
The support rests at 1.08820 with resistance at 1.09000 which both lines are below the weekly pivot point at 1.09570. The EMA of 10 is moving with bearish bias along the descendant channel but it is above the EMA of 100 and the EMA of 200. The RSI is moving below the 50 level, the Stochastic is showing upward momentum and the MACD indicator is in negative territory. The ADX is showing sell signals.
Short positions are recommended targeting 1.085.

eurusd analysis