USD is in high demand which puts EUR under pressure.
The support rests at 1.08720 with resistance at 1.10100 which both lines are below the weekly pivot point at 1.12180. The EMA of 10 is moving with bearish bias in the descendant channel and it is below the EMA of 100 and the EMA of 200. The RSI is moving in oversold area, 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.
EURUSD is falling down towards the lower Bollinger band at 1.08100.
