Japan released Tertiary Industry Activity m/m and Revised Industrial Production m/m and the US will publish Federal Budget Balance and Empire State Manufacturing Index.
The support rests at 108.150 with resistance at 108.540 which both lines are above the weekly pivot point at 107.910. The EMA of 10 is moving with bullish bias in the ascendant channel and it is above the EMA of 200 and the EMA of 100. The RSI is falling towards 50 level, the Stochastic is showing downward momentum and the MACD line is below the signal line in the negative territory. The ADX is showing sell signal.
Considering the correction pattern short positions are recommended towards 107.900.

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