EUR remains under pressure due to poor economic data.
The support rests at 1.09700 with resistance at 1.10220 which both lines are below the weekly pivot point at 1.10360. 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 falling towards oversold area, 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 decline may continue targeting the lower Bollinger band at 1.09650.
