Euro-Zone’s Consumer Confidence declined and today Euro-zone’s CPI for March and Germany’s unemployment rate for March were published.
The support rests at 1.09160 with resistance at 1.10410 which the weekly pivot point at 1.09760 is located in between the lines. The EMA of 10 is moving with bearish bias in the ascendant channel and it is above 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.
Cosidering the correction pattern, EURUSD is falling down towards 61.8 level of Fibonacci at 1.10830.