Canada will release New Motor Vehicle Sales and the US will publish Retail Sales MoM and Retail Sales Ex Autos MoM.
The pair is finding support at 1.30480 with resistance at 1.31070 which the weekly pivot point at 1.30870 is located in between 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 above the EMA of 100. The RSI is moving on the 50 level, 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 in 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 1.301.