EUR is trying to recover from the previous fall and today traders will await ZEW indices for Germany and the Eurozone data.
The support rests at 1.10190 with resistance at 1.10490 which both lines are below the weekly pivot point at 1.10710. 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 below 50 level, the Stochastic is showing downward momentum and the MACD line is above the signal line in the positive territory. The ADX is not showing any clear signals.
The indicators are showing mixed signals. The price will be fluctuating within the Bollinger bands.