The Euro Zone CPI increased as expected.
The support rests at 1.08300 with resistance at 1.09070 which the weekly pivot point at 1.08920 is located in between the lines. The EMA of 10 is moving horizontally in the horizontal 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 downward momentum and the MACD line is on the signal line in the neutral territory. The ADX is not showing any clear signals.
EURUSD is moving in the tight ranges of triangle. The support line of 1.08200 is not going to be broken.
