Canada will release New Motor Vehicle Sales and the US will publish Retail Sales, Fed Evans Speech and Business Inventories.
The pair is finding support at 1.29730 with resistance at 1.30030 which both lines are below the weekly pivot point at 1.31460. 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 below the signal line in the negative territory and the Stochastic is moving in middle ranges. The ADX is showing sell signal. The price is below the Ichimoku Cloud and above the Chinkou Span. The Tenkan-sen is showing a downward trend while the Kijun-sen is showing a horizontal trend.
Short positions are recommended towards 1.29.