Japan released Trade Balance data and there will be FOMC Press Conference in the US and FOMC Rate Decision will be announced.
The support rests at 106.570 with resistance at 107.760 which both lines are above the weekly pivot point at 105.900. The EMA of 10 is moving with bullish bias in the ascendant channel and it is above the EMA of 100 and below the EMA of 200. The RSI is falling towards 50 level, the Stochastic is showing downward momentum and the MACD line is on the signal line in the neutral territory. The ADX is showing weak sell signal.
Short positions are recommended towards 105.700.