The Chicago Fed Purchasing Managers’ Index and the US pending home sales advanced.
The support rests at 1.11910 with resistance at 1.12230 which both lines are above the weekly pivot point at 1.11860. 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 moving in high ranges and the MACD line is above the signal line in the positive territory. The ADX is showing buy signal.
The Bollinger bands have expanded the range. The resistance level breakout will push the price up towards the upper band at 1.12500.