EUR is acting weak against USD and the Eurozone reports do not seem supportive for EUR.
The support rests at 1.10650 with resistance at 1.10930 which both lines are below the weekly pivot point at 1.11290. The EMA of 10 is moving with bearish bias in the descendant channel and it is below the EMA of 200 and the EMA of 100. The RSI is moving in oversold area, the Stochastic is moving in low ranges and the MACD line is above the signal line in the positive territory. The ADX is showing sell signal.
EURUSD may continue its bearish trend towards 1.1034.
