USD is getting back on demand.
The support rests at 1.08000 with resistance at 1.08960 the weekly pivot point at 1.08860 is located in between the lines. The EMA of 10 is moving with bearish bias in the descendant channel and it is below the EMA of 200 and above the EMA of 100. The RSI is moving below 50 level, the Stochastic is showing upward momentum and the MACD line is below the signal line in the negative territory. The ADX is not showing any clear signals.
While the downward pressure remains, EURUSD may fall within Andrew’s Pitchfork but it is not going to break the support line.
