Leading Indicators data was released in Japan and there will be no major economic reports in the US.
The support rests at 104.080 with resistance at 104.620 which the weekly pivot point at 104.210 is located in between the lines. The EMA of 10 is moving with bearish bias along the descendant channel and it is below the EMA of 100 and 200. The Stochastic is moving in low ranges, the RSI is moving on level 50. The MACD is moving in negative territory and the ADX is showing sell signals.
Short positions are recommended towards the lower Bollinger band at 103.800.
