Canada will release Raw Materials Price Index and the US will publish Final Services PMI and Composite PMI.
The pair is finding support at 1.29490 with resistance at 1.29970 which both lines are below the weekly pivot point at 1.30120. The EMA of 10 is moving with bearish bias in the descendant channel and it is located below the EMA of 200 and the EMA of 100. The RSI is moving in oversold area, the MACD line is above the signal line in the positive territory and the Stochastic is moving in low ranges. The ADX is not showing any clear signals. The price is below the Ichimoku Cloud and above the Chinkou Span. The Tenkan-sen is showing a horizontal trend while the Kijun-sen is showing a downward trend.
Short positions are recommended towards 1.29350.