Unemployment Rate, Retail Sales and Industrial Production will be released in Japan and the US will publish Personal Income and Personal Spending MoM.
The support rests at 110.530 with resistance at 111.010 which both lines are above the weekly pivot point at 110.440. The EMA of 10 is moving with bullish bias in the ascendant channel and it is below the EMA of 200 and the EMA of 100. The RSI is moving on 50 level, 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 61.8 level of Fibonacci at 111.200.
