The NY Empire State manufacturing index and the nation’s producer price index data have increased.
The support rests at 1.11250 with resistance at 1.11580 which the weekly pivot point at 1.11370 is located in between the lines. The EMA of 10 is moving with bullish bias in the ascendant channel and it is above the EMA of 100 and above the EMA of 200. The RSI is moving on 50 level, the Stochastic is moving in high ranges and the MACD line is above the signal line in the positive territory. The ADX is showing sell signal.
The price has already reached 61.8 level of Fibonacci completing the correction pattern however the resistance level breakout will confirm further price growth towards 1.11750.
