PPI data was published in Germany and there are no other major reports in the US or Eurozone.
The support rests at 1.10650 with resistance at 1.10920 which both lines are below the weekly pivot point at 1.11290. The EMA of 10 is moving with bearish bias in the descendant channel and it is below the EMA of 200 and the EMA of 100. The RSI is moving in oversold area, the Stochastic is moving in low ranges and the MACD line is on the signal line in the positive territory. The ADX is showing sell signal.
The bearish pressure continues to hit 1.10500; then the correction pattern will begin.