Japan has released the Trade Balance and the US will publish NAHB Housing Market Index.
The support rests at 109.220 with resistance at 109.880 which both lines are below the weekly pivot point at 110.100. 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 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.
Short positions are recommended towards 109.