Japan released the Household Spending y/y and Average Cash Earnings y/y. The US will publish Federal Budget Balance, Core CPI m/m, CPI m/m.
The support rests at 109.430 with resistance at 110.190 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 middle ranges and the MACD line is above the signal line in the positive territory. The ADX is showing sell signal.
While there is bearish momentum, the support line is too strong to be broken, while considering pullbacks on the way, buyers can target 110.30.
