Switzerland’s Consumer Prices declined and today there are no major economic reports.
The support rests at 0.94460 with resistance at 0.94700 which both lines are below the weekly pivot point at 0.94700. 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 on 50 level, the MACD line is below the signal line in the negative territory and the Stochastic is moving in high ranges. The ADX is showing buy signal. The price is below the Ichimoku Cloud and above the Chinkou Span. The Tenkan-sen is showing a downward trend and the Kijun-sen is showing a horizontal trend.
Short positions are recommended towards 0.9411.
