The euro has been falling against the American dollar for 2 weeks in a row, owing to dismal releases on the eurozone combined with positive statistics for the US labour market. As for today, EUR/USD is trading near 1.0940.
Following yesterday's banking holiday, today's economic calendar looks quite rich. The news about US orders for durable goods seems to be the most important. The index is expected to drop from 4% to –0,4%, which undoubtedly will weaken the dollar.
Technically, the price has closely approached the lower line of Bollinger bands on H4 and daily charts. It is very likely to be broken today with a subsequent correction.
The closest support (1.0920) and resistance (1.1190) levels are the lower and the middle lines of Bollinger Bands.