Bank Lending, Core Machinery Orders and Current Account were released in Japan and the US will publish PPI Core and Crude Oil Inventories.
The support rests at 106.970 with resistance at 107.390 which both lines are above the weekly pivot point at 106.580. The EMA of 10 is moving with bearish bias in the descendant channel and it is below the EMA of 200 and above the EMA of 100. The RSI is moving on 50 level, 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.
The price decline may continue towards 61.8 level of Fibonacci at 106.600.
