While the Philadelphia Fed manufacturing index declined, initial jobless claims grew in the US.
The support rests at 1.10420 with resistance at 1.10660 which both lines are above the weekly pivot point at 1.10360. The EMA of 10 is moving close to EMA of 100 in the ascendant channel and they are below the EMA of 200. The RSI is moving on 50 level, the Stochastic is moving in middle ranges and the MACD line is on the signal line in the neutral territory. The ADX is showing buy signal.
The price is forming an ascending triangle which might lead to price growth towards 1.10800.
