Technicals on intraday charts point further downside. Momentum studies point south.
USD weak across the board after poor housing data overnight. US housing starts fell 8.8% in March following an upwardly revised 6.9% gain in February.
Sentiment across markets remains mixed, with the Chinese stocks extending losses, while rest of Asia gains further.
Good to sell rallies around 109, SL: 109.40, TP: 108.60/108.50