Industrial Product Price Index, Raw Materials Price Index and Building Permits were released in Canada and the US will publish Pending Home Sales.
The pair is finding support at 1.36370 with resistance at 1.37240 which both lines are above the weekly pivot point at 1.35990. The EMA of 10 is moving horizontally in the ascendant channel and it is located below the EMA of 200 and above the EMA of 100. The RSI is falling towards level 50, the MACD line is on the signal line in the neutral territory and the Stochastic is showing downward momentum. The ADX is showing weak buy signals. The price is above the Ichimoku Cloud and below the Chinkou Span. The Tenkan-sen and the Kijun-sen are both showing a horizontal trend.
Long positions are recommended towards 1.37300.
