Japan released the 10-y Bond Auction, Monetary Base y/y and the US will publish 10-y Bond Auction and Crude Oil Inventories.
The support rests at 109.700 with resistance at 110.340 which both lines are below the weekly pivot point at 111.350. 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 RSI is moving in oversold area, the Stochastic is moving in low ranges and the MACD line is below the signal line in the negative territory. The ADX is showing sell signal.
While all indicators are showing downward momentum, the price has reached the lower Bollinger band and there might be a possibility of correction pattern towards 111.
