EUR was pressured by Germany’s Ifo Business Climate Index and today US durable goods orders for March along with weekly initial jobless claims will be released in the US.
The support rests at 1.11380 with resistance at 1.11700 which both lines are below the weekly pivot point at 1.12640. The EMA of 10 is moving with bearish bias in the descendant channel and it is below the EMA 200 and the EMA of 100. The RSI is moving in oversold area and the Stochastic is moving in low ranges. The MACD line is below the signal line in the negative territory. The ADX is showing sell signal.
The price has reached the lower Bollinger band there might be the time for the correction pattern towards 1.12200.