Dollar Index has risen which puts EURUSD under pressure.
The support rests at 1.07790 with resistance at 1.08770 which both lines are below the weekly pivot point at 1.08920. The EMA of 10 is moving with bearish bias in the horizontal channel and it is below the EMA of 200 and the EMA of 100. The RSI is moving below 50 level, the Stochastic is showing downward momentum and the MACD line is below the signal line in the negative territory. The ADX is showing sell signal.
EURUSD may fall down towards the support line but it is not going to break it.
