Japan has published the Prelim Machine Tool Orders y/y and the US will release JOLTS Job Openings and NFIB Small Business Index.
The support rests at 110.860 with resistance at 111.240 which both lines are above the weekly pivot point at 110.630. 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 strong bullish trends.
The resistance level breakout will push the pair much higher towards 112; otherwise, it will decline towards 110.5.