Canada will publish Consumer Price Index and Manufacturing Shipments and the US will release Building Permits, Housing Starts and Crude Oil Inventories.
The pair is finding support at 1.30380 with resistance at 1.31070 which the weekly pivot point at 1.30630 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 the EMA of 100. The RSI is falling towards 50 level, the MACD line is above the signal line in the positive territory and the Stochastic is showing downward momentum. The ADX is showing sell signal. 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 1.2995.