GDP data fell yesterday and the Richmond Fed manufacturing index grew in the US.
The support rests at 1.10680 with resistance at 1.10960 which both lines are below the weekly pivot point at 1.11160. 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 below 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 not showing any clear signals.
We are still staying bearish on this chart targeting the lower Bollinger band at 1.10500.