Canada is releasing Inflation Rate data and the US will publish Existing Home Sales.
The pair is finding support at 1.30420 with resistance at 1.30840 which both lines are above the weekly pivot point at 1.30080. The EMA of 10 is moving with bullish bias in the ascendant channel and it is located above the EMA of 100 and the EMA of 200. The RSI is falling towards the 50 level, the MACD line is above the signal line in the positive territory and the Stochastic is moving in high ranges. The ADX is not showing any clear signals. The price is above the Ichimoku Cloud and below Chinkou Span. The Tenkan-sen is showing an upward trend while the Kijun-sen is showing a horizontal trend.
Long positions are recommended towards 1.312.
