The November Services PMI in the Eurozone fell while it grew in the US.
The support rests at 1.10110 with resistance at 1.10360 which both lines are below the weekly pivot point at 1.10440. 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 below the signal line in the negative territory. The ADX is not showing any clear signals.
The support level breakthrough will push the price down towards 1.0969; however, the price has reached the lower Bollinger band therefore buyers can target the middle band at 1.10580.