Canada is publishing New Housing Price Index MoM and the US will release Core PPI MoM and Monthly Budget Statement.
The pair is finding support at 1.25320 with resistance at 1.25840 which both lines are above the weekly pivot point at 1.24480. The EMA of 10 is moving with bullish bias in the ascendant channel and it is located below the EMA of 200 and the EMA of 100. The RSI is rising towards overbought area, the MACD line is above the signal line in the positive territory and the Stochastic is moving in high ranges. The ADX is showing buy signals. The price is above the Ichimoku Cloud and the Chinkou Span. The Tenkan-sen and the Kijun-sen are both showing a horizontal trend.
Long positions are recommended towards 1.27.

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