Germany’s Factory Orders grew more than expected and the US JOLTs data declined.
The support rests at 1.11910 with resistance at 1.12330 which both lines are above the weekly pivot point at 1.10990. The EMA of 10 is moving with bullish bias in the ascendant channel and it is above the EMA of 200 and the EMA of 100. The RSI is moving in overbought area, the Stochastic is showing upward momentum and the MACD line is above the signal line in the positive territory. The ADX is not showing any clear signals.
Long positions are recommended towards the upper Bollinger band at 1.12700.