The FOMC decision regarding keeping the rates unchanged, made USD stable.
The support rests at 1.09860 with resistance at 1.10320 which both lines are below the weekly pivot point at 1.10550. The EMA of 10 is moving with bearish bias in the descendant channel and it is below the EMA of 100 and the EMA of 200. The RSI is falling towards oversold area, the Stochastic is showing downward momentum and the MACD line is above the signal line in the positive territory. The ADX is showing sell signal.
The bearish pressure remains but the support line seems to be too strong to be broken. Sellers can target the lower Bollinger band but price growth will begin soon.