Japan has released All Industry Activity Index MoM and the US will publish Existing Home Sales and FOMC Minutes.
The support rests at 110.010 with resistance at 110.570 which both lines are below the weekly pivot point at 110.68. 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 falling towards the 50 level, the Stochastic is showing downward momentum and the MACD line is above the signal line in the positive territory. The ADX is not showing any clear signals.
Short positions are recommended towards 110.
