Inflation Rate has been published in Switzerland and the US will release some important economic data such as Balance of Trade and Non-Farm Payrolls.
The support rests at 0.99350 with resistance at 0.99730 which the weekly pivot point at 0.99420 is located in between the lines. The EMA of 10 is moving with bullish bias in the ascendant channel and it is located above the EMA of 200 and below the EMA of 100. The RSI is moving above the 50 level, the MACD line is above the signal line in the positive territory and the Stochastic is showing downward momentum. The ADX is showing buy signal. The price is above the Ichimoku Cloud and the Chinkou Span. The Tenkan-sen is showing an upward trend while the Kijun-sen is showing a horizontal trend.
Long positions are recommended towards 1.00.