USD has been a strong currency among other major currencies in the recent couple of days. There is also a slight chance of EUR reversal.
The support rests at 1.10710 with resistance at 1.10920 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 showing sell signal.
The bearish pressure still remains; sellers can target the lower Bollinger band at 1.10620.
