USD has been empowered by the US economic data.
The support rests at 1.10010 with resistance at 1.10130 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 below 50 level, the Stochastic is showing upward momentum and the MACD line is above the signal line in the positive territory. The ADX is not showing any clear signals.
While the bearish pressure remains, it is holiday in the US which slows down the trend. The price might be fluctuating within the 1.09900 – 1.10200.
