The USD gained some momentum but the trend soon recovered from the price decline.
The support rests at 1.08380 with resistance at 1.09190 the weekly pivot point at 1.08860 is located in between the lines. The EMA of 10 is moving with bearish bias in the ascendant channel and it is below the EMA of 200 and above 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 showing sell signal.
The price has reached the lower Bollinger band, there is a high chance of price growth towards 1.09800.
