Dollar index is stable now and there are no major economic reports in the US or Eurozone to challenge EURUSD.
The support rests at 1.07880 with resistance at 1.08700 which both lines are below the weekly pivot point at 1.08920. The EMA of 10 is moving horizontally 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 upward momentum and the MACD line is on the signal line in the neutral territory. The ADX is showing sell signal.
While bearish pressure remains, EURUSD will be fluctuating within the triangle pattern.
