Japan released the BOJ Core CPI y/y and SPPI y/y and the US will publish Crude Oil Inventories and New Home Sales.
The support rests at 107.070 with resistance at 107.500 which both lines are below the weekly pivot point at 107.850. 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 below 50 level, the Stochastic is showing upward momentum and the MACD line is below the signal line in the negative territory. The ADX is not showing any clear signals.
While the downward pressure remains, sellers can target 106.800; the resistance level breakout will bush the price up towards the upper Bollinger band at 108.100.