Japan released the Trade Balance, and the US will publish NAHB Housing Market Index.
The support rests at 112.500 with resistance at 112.950 which both lines are below the weekly pivot point at 113.220. The EMA of 10 is moving with bearish bias in the descendant channel and it is above the EMA of 200 and below the EMA of 100. The RSI is moving in oversold area, 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 bearish trend may continue towards 61.8 level of Fibonacci at 112.5 then buyers can target 113.
