Eurozone economy is suffering from Corona-virus damage.
The support rests at 1.07340 with resistance at 1.08420 which both lines are below the weekly pivot point at 1.08570. The EMA of 10 is moving with bullish bias in the descendant channel and it is below the EMA of 100 and the EMA of 200. The RSI is moving below 50 level, the Stochastic is moving in low ranges and the MACD line is above the signal line in the positive territory. The ADX is showing buy signal.
EURUSD failed to create the correction pattern, the price is close to the upper Bollinger band, the decline will begin soon targeting 1.06550.