Japan released the 10-y Bond Auction and Monetary Base y/y and the US will publish Total Vehicle Sales, Durable Goods Orders m/m and Core Durable Goods Orders m/m.
The support rests at 111.230 with resistance at 111.470 which both lines are above the weekly pivot point at 110.510. 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 moving in high ranges and the MACD line is above the signal line in the positive territory. The ADX is showing buy signal.
Long positions are recommended towards 111.70.
