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The euro crawled up to 1.1043 early in Asia after falling to 1.0989, its lowest since Aug 11 on Friday's trade, currently at 1.1037.
- The dollar index is down on the day after hitting 97.201 on Friday, its highest since Aug 12
- EUR is expected to remain under pressure as today's German IFO is expected a tad lower than the previous readings
- Any positive surprise could see the pair above the 1.11 handle, daily Techs also pointing to a move higher
- Price has bounced off strong trendline support at 1.10, RSI and Stochs on dailies are at oversold, correction higher likely
- Breaks below 1.10 could take the pair towards major support at 1.08
- Resistance for the pair is seen at 1.1064 flat Ichi hourly kijun, ahead of descending 200-DMA at 1.1117
- While support on the downside lies at ascending hourly Ichi tenkan at 1.1024 and further below at 1.10
