PMI Manufacturing was published in Japan and the US will release ISM Manufacturing and Construction Spending.
The support rests at 102.610 with resistance at 103.250 which the weekly pivot point at 103.550 is located above the lines. The EMA of 10 is moving with bearish bias in the descendant channel and it is below the EMA of 200 and the EMA of 100. The Stochastic is showing downward momentum, the RSI is moving in oversold area. The MACD is moving in negative territory and the ADX is showing sell signal.
The bearish pressure is pushing the price down towards 102.400.
