Germany’s Producer Prices fell and put EUR under pressure.
The support rests at 1.10830 with resistance at 1.11070 which both lines are below the weekly pivot point at 1.11160. 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 middle ranges and the MACD line is below the signal line in the negative territory. The ADX is showing sell signal.
EURUSD may continue its decline towards 1.10650.

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