The US economic data is weighing on USD against major currencies.
The support rests at 1.10740 with resistance at 1.11160 which both lines are below the weekly pivot point at 1.11290. The EMA of 10 is moving horizontally in the descendant channel and it is below the EMA of 200 and the EMA of 100. The RSI is moving below 50 level, the Stochastic is moving in high ranges and the MACD line is above the signal line in the positive territory. The ADX is not showing any clear signals.
It seems that the correction pattern has started therefore buyers can target 1.11300.
