Euro-zone’s industrial production grew along with the German the final consumer price index.
The support rests at 1.09830 with resistance at 1.10160 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 in oversold area, the Stochastic is moving in low ranges and the MACD line is above the signal line in the positive territory. The ADX is showing sell signal.
The price has reached the lower Bollinger band and it might be the time for price growth targeting 1.10200.