Overnight Rate and BOC Rate Statement will be released in Canada and the US will publish Crude Oil Inventories, Wholesale Inventories and JOLTs Job Openings.
The pair is finding support at 1.27470 with resistance at 1.28290 which both lines are below the weekly pivot point at 1.28560. 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 below level 50, the MACD line is above the signal line in the positive territory and the Stochastic is moving in high ranges. The ADX is showing sell signal. The price is below the Ichimoku Cloud and the Chinkou Span. The Tenkan-sen and the Kijun-sen are both showing a horizontal trend.
Short positions are recommended towards 1.27280.
