CPI, Consumer Price Index – EU Harmonised and SVME Purchasing Managers Index will be released in Switzerland in a few hours and the US is publishing ISM Manufacturing, Construction Spending and Loan Officer Survey.
The support rests at 0.90970 with resistance at 0.92110 which the weekly pivot point at 0.91420 is located in between the lines. The EMA of 10 is moving with bullish bias in the descendant channel and it is located below the EMA of 200 and the EMA of 100. The RSI is rising above level 50, the MACD line is above the signal line in the positive territory and the Stochastic is moving in high ranges. The ADX is showing buy signal. The price is in the Ichimoku Cloud and above the Chinkou Span. The Tenkan-sen is showing an upward trend and the Kijun-sen is showing a horizontal trend.
Long positions are recommended towards 0.92320.