Current Account, Consumer Confidence and Economy Watchers Survey were released in Japan and the US will publish Unemployment Claims and Continuing Claims.
The support rests at 109.270 with resistance at 109.860 which the weekly pivot point at 110.330 is located above the lines. The EMA of 10 is moving with bearish bias in the descendant channel and it is above the EMA of 100 and the EMA of 200. 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 may push the price down towards 108.700.
