Japan has released the Leading Indicators, Average Cash Earnings y/y and Household Spending y/y data and the US will publish Natural Gas Storage, Trade Balance, Unemployment Rate, Non-Farm Employment Change and Average Hourly Earnings m/m.
The support rests at 110.520 with resistance at 110.930 which both lines are above the weekly pivot point at 110.330. 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 on the 50 level, the Stochastic is showing downward momentum and the MACD line is above the signal line in the positive territory. The ADX is showing weak trends.
Long positions are recommended towards 111; there might be some pullbacks on the way towards the lower Bollinger band.