Employment Cost Index and Personal Spending data will be released in the US and Canada will publish Gross Domestic Product and Raw Materials Price Index.
The pair is finding support at 1.31970 with resistance at 1.32430 which both lines are above the weekly pivot point at 1.31190. 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 moving in overbought area, the MACD line is on the signal line in the neutral territory and the Stochastic is moving in high ranges. The ADX is showing buy signal. The price is above the Ichimoku Cloud and the Chinkou Span. The Tenkan-sen and the Kijun-sen are both showing an upward trend.
Long positions are recommended towards 1.32700.
