US-China trade deal is weighing on USD.
The support rests at 1.10280 with resistance at 1.10640 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 in oversold area, 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.
EURUSD is falling down within the descending wedge. The decline may continue towards the previous low at 1.10200; the correction pattern may begin soon.
