ADP Non-Farm Employment Change and Manufacturing Shipments will be released in Canada and the US will publish Retail Sales, Philadelphia Fed Manufacturing Index and Unemployment Claims.
The pair is finding support at 1.24570 with resistance at 1.25340 which the weekly pivot point at 1.25560 is located above the lines. 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 falling below level 50, the MACD line is below the signal line in the negative 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 the Chinkou Span. The Tenkan-sen and the Kijun-sen are both showing a downward trend.
Short positions are recommended towards 1.24300.