Japan released the Prelim Machine Tool Orders y/y, 30-y Bond Auction and M2 Money Stock y/y. The US will publish Mortgage Delinquencies and NFIB Small Business Index.
The support rests at 109.060 with resistance at 109.580 which both lines are above the weekly pivot point at 108.970. 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 above 50 level, the Stochastic is moving in high ranges and the MACD line is below the signal line in the negative territory. The ADX is showing buy signal.
Long positions are recommended towards 109.500.