Canada will release New Housing Price Index and Consumer Price Index Core, Consumer Price Index and Unemployment Claims will be published in the US.
The pair is finding support at 1.32730 with resistance at 1.33570 which the weekly pivot point at 1.32900 is located in between the lines. The EMA of 10 is moving with bearish bias in the ascendant channel and it is located above the EMA of 200 and the EMA of 100. The RSI is moving below 50 level, the MACD line is below the signal line in the negative territory and the Stochastic is showing downward momentum. The ADX is not showing any clear signals. The price is in the Ichimoku Cloud and below the Chinkou Span. The Tenkan-sen and the Kijun-sen are both showing a horizontal trend.
Short positions are recommended towards 1.32700.
