Euro-Zone’s Construction Output data climbed.
The support rests at 1.06970 with resistance at 1.08330 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.
EUR is gaining some momentum and the pair might be growing towards the middle Bollinger band at 1.08900.