Most probably the US Conference Board consumer confidence index will support USD today.
The support rests at 1.10760 with resistance at 1.10960 which both lines are below the weekly pivot point at 1.11110. The EMA of 10 is moving horizontally in the descendant channel and it is above the EMA of 200 and the EMA of 100. The RSI is moving below 50 level, the Stochastic is showing downward momentum and the MACD line is on the signal line in the neutral territory. The ADX is not showing any clear signals.
While the bearish pressure remains, price is targeting the lower Bollinger band at 1.10600.

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