Employment Cost Index will be released in the US and Canada will publish GDP and PPI.
The pair is finding support at 1.31010 with resistance at 1.31550 which both lines are above the weekly pivot point at 1.30790. 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 above the 50 level, the MACD line is on the signal line in the neutral territory and the Stochastic is moving in middle ranges. The ADX is showing weak buy signal. 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 1.316.