Switzerland has released Retail Sales and SVME Manufacturing PMI and the US will publish Treasury Currency Report, the Natural Gas Storage data, the Factory Orders m/m, the Unemployment Claims, the preliminary reading of the Unit Labor Costs q/q, as well as the preliminary nonfarm productivity q/q, and the Challenger Job Cuts y/y.
The support rests at 1.01650 with resistance at 1.02020 which the weekly pivot point at 1.01900 is located in between the lines. The EMA of 10 is moving with bearish bias in the ascendant channel and it is located above the EMA of 200 and the EMA of 100. The RSI is moving on 50 level, the MACD line is below the signal line in the negative territory and the Stochastic is showing upward momentum. The ADX is not showing any clear signals. The price is in the Ichimoku Cloud and above the Chinkou Span. The Tenkan-sen is showing a downward trend while the Kijun-sen is showing a horizontal trend.
Long positions are recommended towards 1.0240.