Gross Domestic Product data has been published in Switzerland and there will be FOMC Member Loretta Mester’s talk in the US.
The support rests at 0.95560 with resistance at 0.96070 which both lines are below the weekly pivot point at 0.96930. The EMA of 10 is moving with bearish bias in the descendant channel and it is located below the EMA of 200 and the EMA of 100. The RSI is moving in oversold area, the MACD line is below the signal line in the negative territory and the Stochastic is moving in low ranges. The ADX is showing sell signal. The price is below 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.
The support line seems to be too strong to be broken, long positions are recommended towards 0.96220.
