Canada is publishing Unemployment Rate and Employment Change and the US will release Michigan Consumer Sentiment Prel and Import Prices.
The pair is finding support at 1.27470 with resistance at 1.27770 which both lines are below the weekly pivot point at 1.28550. The EMA of 10 is moving with bearish bias in the descendant channel and it is located above the EMA of 200 and below the EMA of 100. The RSI is moving in oversold, the MACD line is below the signal line in the negative territory and the Stochastic is moving in low ranges. The ADX is showing sell signal. The price is below 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 1.27.