Industrial Production and Housing Starts were released in Japan and the US will publish Pending Home Sales and Crude Oil Inventories.
The support rests at 110.220 with resistance at 111.450 which the weekly pivot point at 109.310 is located below the lines. The EMA of 10 is moving with bullish bias in the ascendant channel and it is above the EMA of 100 and the EMA of 200. The Stochastic is moving in high ranges, the RSI is moving in overbought area. The MACD is moving in positive territory and the ADX is showing buy signal.
The gradual growth is targeting 112.
