The Euro ignored Eurozone inflation release. The inflation slowed down to 0.4% from 0.3%. Base CPI showed a drop of 1.7% versus 0.3% of the previous month. The received data increased the chances that the European Central Bank would introduce additional measures to stimulate the economy at its next meeting in March. That might cause the euro decrease.
The first support lies at 1.0925 and then at 1.0800. The first resistance stands at 1.1050, the next one is at 1.1150.
There is a confirmed and a strong sell signal. The price is under the Ichimoku Cloud and it is under the Chinkou Span. The Tenkan-sen shows a horizontal movement and the Kijun-sen shows a downward movement. The downward movement will be until the price is under the Cloud.
The MACD indicator is in a negative territory. The price is decreasing.
After the support level of 1.0925 breakthrough down the way to the support 1.0800 will be opened.