The pair consolidates before the US PPI (YoY) data release, which is expected to be strong. Our yesterday's prognosis stays the same - positivie statistics will push the pair down.
The price is on the upper Bollinger band, lower than SMA5 but higher SMA14. RSI index crosses 50% line up to down. Stoch are turning down.
Trading recommendations: Sell the pair if the US data is positive with local targets of 1.0650 and 1.0515.