Gross Domestic Product is getting released in Switzerland and the US will publish Crude Oil Inventories and ISM Non-Manf.
The support rests at 0.95980 with resistance at 0.96280 which both lines are below the weekly pivot point at 0.96500. The EMA of 10 is moving horizontally in the descendant channel and it is located below the EMA of 200 and the EMA of 100. The RSI is moving below 50 level, the MACD line is above the signal line in the positive territory and the Stochastic is moving in high ranges. The ADX is showing sell signal. The price is below the Ichimoku Cloud and the Chinkou Span. The Tenkan-sen and the Kijun-sen are both showing a horizontal trend.
The indicators are showing mixed signals. The resistance level breakout will confirm the bullish trend towards 0.96700; otherwise, short positions are recommended toward 0.95500.
