The US Import Prices declined and Initial Jobless Claims reported the unemployment of over 36 million Americans.
The support rests at 1.07920 with resistance at 1.08160 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 moving below 50 level, the Stochastic is moving in high ranges and the MACD line is below the signal line in the negative territory. The ADX is not showing any clear signals.
The decline is limited to the lower Bollinger band, price growth will begin soon targeting 1.08300.