Japan released the Prelim Machine Tool Orders y/y, Tertiary Industry Activity m/m, and PPI y/y, while the US will publish Core CPI m/m, CPI m/m and NFIB Small Business Index.
The support rests at 105.050 with resistance at 105.830 which both lines are below the weekly pivot point at 106.020. 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 on the signal line in the neutral territory. The ADX is showing sell signal.
Short positions are recommended towards the lower Bollinger band at 104.900.