EUR has been empowered by ZEW Economic Sentiment index in Germany.
The support rests at 1.10700 with resistance at 1.10920 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 low ranges and the MACD line is below the signal line in the negative territory. The ADX is showing sell signal.
Considering the price decline, EURUSD may be targeting the lower Bollinger band at 1.10600.