Switzerland will release Inflation Rate MoM and the US will publish Markit Services PMI Final and ISM Non-Manufacturing PMI.
The support rests at 0.99110 with resistance at 0.99460 which the weekly pivot point at 0.99180 is located in between the lines. The EMA of 10 is moving with bearish bias in the descendant channel and it is located above the EMA of 200, on the EMA of 100. The RSI is moving on the 50 level, the MACD line is below the signal line in the negative territory and the Stochastic is moving in middle ranges. The ADX is showing buy signal. The price is in the Ichimoku Cloud and above the Chinkou Span. The Tenkan-sen is showing a horizontal trend while the Kijun-sen is showing a downward trend.
USDCHF will probably continue its downward trend towards 0.985.
