Ratherly today’s market is higher due to yesterday’s U.S. consumer inflation report. The main observable trend on the chart is a downward momentum which may extend.
The support rests at 109.36 with resistance at 109.44 and the price is moving below the Pivot Point at 109.41. The EMA of 10 is moving horizontally near EMA100 and it is above EMA of 200. The RSI is moving below the level of 50, the MACD histogram is in negative territory and is going to generated a crossover buy signal. The Stochastic is moving in oversold area and the ADX is not showing a clear signal. The price is below the Ichimoku Cloud and the Chinkou Span is near the market price. The Tenkan-sen and the Kijun-sen are both showing a downward momentum.

• There is resistance at 109.44, followed by resistance at 109.49 and 109.52.
• There is support at 109.36 Below, there is 109.33 and 109.28.

Note: We do not suggest any investment advice, and these analyses are just to increase the traders’ awareness but not a certain instruction for trading.