SVME Purchasing Managers Index will be released in Switzerland and the US will publish Factory Orders and Loan Officer Survey.
The support rests at 0.96190 with resistance at 0.96540 which both lines are below the weekly pivot point at 0.96670. 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 below 50 level, the MACD line is below the signal line in the negative territory and the Stochastic is showing upward momentum. The ADX is not showing any clear signals. The price is below the Ichimoku Cloud and above the Chinkou Span. The Tenkan-sen and the Kijun-sen are both showing a horizontal trend.
The resistance level breakout will push the price up towards 0.96980.