Japan released the National Core CPI y/y. The US will release Treasury Currency Report, Revised UoM Inflation Expectations, Revised UoM Consumer Sentiment, Personal Income m/m, Personal Spending m/m, Core PCE Price Index m/m, Final GDP Price Index q/q and Final GDP q/q.
The support rests at 109.210 with resistance at 109.350 which both lines are above the weekly pivot point at 109.160. The EMA of 10 is moving with bearish bias in the descendant channel and it is above the EMA of 200 and the EMA of 100. The RSI is moving below 50 level, the Stochastic is moving in middle ranges and the MACD line is below the signal line in the negative territory. The ADX is showing sell signal.
The resistance level breakout will push the price up towards 109.500.