USD strengthened due to Coronavirus disaster worldwide and there are no major economic reports in Eurozone today.
The support rests at 1.07710 with resistance at 1.08340 which both lines are below the weekly pivot point at 1.08620. 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 rising towards 50 level, 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.
The resistance line seems to be too strong to be broken, EURUSD is declining towards 1.07720.
