Japan released the data on the Housing Starts y/y, Consumer Confidence, Prelim Industrial Production m/m, Unemployment Rate and Tokyo Core CPI y/y but the US market is remaining quiet today.
The support rests at 109.380 with resistance at 109.710 which both lines are above the weekly pivot point at 108.670. 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 middle ranges and the MACD line is on the signal line in the neutral territory. The ADX is showing buy signal.
Long positions are recommended towards the upper Bollinger band at 109.800.
