CPI and Consumer Price Index – EU Harmonised have been published in Switzerland and the US will release ADP Non-Farm Employment Change and Crude Oil Inventories.
The support rests at 0.99510 with resistance at 1.00190 which both lines are above the weekly pivot point at 0.99010. The EMA of 10 is moving with bullish bias in the ascendant channel and it is located above the EMA of 200 and the EMA of 100. The RSI is moving in overbought area, the MACD line is on the signal line in the neutral territory and the Stochastic is moving in high ranges. The ADX is showing buy signal. The price is above the Ichimoku Cloud and the Chinkou Span. The Tenkan-sen and the Kijun-sen are both showing a horizontal trend.
The price may grow towards the resistance line but it is not going to break it, sellers can target 0.9940.