New Housing Price Index will be released in Canada and BOC Senior Deputy Governor Carolyn Wilkins Speaks. The US will present the reports on Unemployment Claims, Consumer Price Index and Consumer Price Index Core.
The pair is finding support at 1.30460 with resistance at 1.31190 which both lines are below the weekly pivot point at 1.31500. The EMA of 10 is moving with bullish bias in the descendant channel and it is located below the EMA of 200 and the EMA of 100. The RSI is moving in 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 signal. The price is in the Ichimoku Cloud and above the Chinkou Span. The Tenkan-sen and the Kijun-sen are both showing an upward trend.
Long positions are recommended towards 1.31500.