EUR is under pressure against USD and the economic reports from Germany will not empower EUR much.
The support rests at 1.08830 with resistance at 1.09150 which the weekly pivot point at 1.09040 is located in between the lines. The EMA of 10 is moving with bearish bias in the descendant channel and it is above the EMA of 200 and the EMA of 100. The RSI is rising towards 50 level, the Stochastic is moving in low ranges and the MACD line is below the signal line in the negative territory. The ADX is showing sell signal.
The bearish trend may continue towards the lower Bollinger band at 1.08700.
