Canada will publish BoC Monetary Policy Report, BoC Interest Rate Decision and BoC Press Conference and the US will release Industrial Production YoY and Foreign Bond Investment.
The pair is finding support at 1.24040 with resistance at 1.25020 which the weekly pivot point at 1.24740 is located in between the lines. The EMA of 10 is moving with bearish bias in the descendant channel and it is located below the EMA of 200 and the EMA of 100. The RSI is rising towards the 50 level, the MACD line is on the signal line in the neutral territory and the Stochastic is showing upward momentum. The ADX is showing buy signal. The price is below the Ichimoku Cloud and above the Chinkou Span. The Tenkan-sen and the Kijun-sen are both showing a horizontal trend.
Long positions are recommended towards 1.257.

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