Japan released PMI Composite, PMI Manufacturing and Tertiary Industry Index and the US will publish Crude Oil Inventories and HPI m/m.
The support rests at 108.150 with resistance at 108.570 which the weekly pivot point at 108.460 is located in between the lines. 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 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 indicators are showing bearish pressure; the price may continue its bearish trend towards 38.2 level of Fibonacci at 108.