Euro-zone’s consumer price index along with the CPI data have advanced in Eurozone.
The support rests at 1.10900 with resistance at 1.11270 which the weekly pivot point at 1.11160 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 100 and the EMA of 200. The RSI is moving in 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 not showing any clear signals.
The price has reached the lower Bollinger band so there is a slight chance of price growth towards the middle band at 1.11300.
