While Germany’s producer price index moved slowly, the US existing home sales grew.
The support rests at 1.06460 with resistance at 1.07820 which both lines are below the weekly pivot point at 1.08570. The EMA of 10 is moving horizontally 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 showing upward momentum and the MACD line is above the signal line in the positive territory. The ADX is showing buy signal.
The bearish trend is limited to the support line; EURUSD may grow towards 1.08200.