Japan released the Housing Starts y/y, Consumer Confidence, BOJ Policy Rate, and Prelim Industrial Production m/m and the US will publish Natural Gas Storage, Chicago PMI, Unemployment Claims, Personal Income m/m, Employment Cost Index q/q, Core PCE Price Index m/m, Personal Spending m/m and Challenger Job Cuts y/y.
The support rests at 108.360 with resistance at 108.990 which the weekly pivot point at 108.560 is located in between the lines. The EMA of 10 is moving with bearish bias in the ascendant channel and it is above the EMA of 200 and the EMA of 100. The RSI is moving below 50 level, the Stochastic is moving in low ranges and the MACD line is below the signal line in the negative territory. The ADX is not showing any clear signals.
The price has reached the lower Bollinger band therefore there is a possibility of price growth towards 109.