There have been no important macroeconomic reports in the eurozone or the United States.
The support rests at 1.08970 with resistance at 1.09270 which both lines are below the weekly pivot point at 1.09940. 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 showing sell signal.
As the new year began, EURUSD has been moving with bearish trend and now it is targeting 1.08800.
