Japan released the 10-y Bond Auction and Final Manufacturing PMI and the US will publish Natural Gas Storage, Wards Total Vehicle Sales, ISM Manufacturing Prices, Construction Spending m/m, ISM Manufacturing PMI, Final Manufacturing PMI, Unemployment Claims and Challenger Job Cuts y/y.
The support rests at 108.940 with resistance at 109.370 which both lines are above the weekly pivot point at 108.400. The EMA of 10 is moving with bullish bias in the ascendant channel and it is above the EMA of 200 and the EMA of 100. The RSI is moving in overbought area, the Stochastic is showing upward momentum and the MACD line is above the signal line in the positive territory. The ADX is showing buy signal.
The price has reached the upper Bollinger band already, so seller can target 108.700.