Canada is publishing New Motor Vehicle Sales and the US will release Core Inflation Rate YoY and Retail Sales MoM.
The pair is finding support at 1.26960 with resistance at 1.27550 which the weekly pivot point at 1.27230 is located in between the lines. The EMA of 10 is moving with bullish bias in the descendant channel and it is located above the EMA of 200 and below the EMA of 100. The RSI is moving on the 50 level, the MACD indicator is in neutral territory and the Stochastic is moving in middle 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 horizontal trend.
Short positions are recommended towards 1.25.

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