There are no major economic reports in Switzerland therefore eyes will be on global macroeconomic events for today.
The support rests at 0.98730 with resistance at 0.98990 which both lines are below the weekly pivot point at 0.99950. 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 rising towards 50 level, the MACD line is on the signal line in the neutral territory and the Stochastic is moving in high ranges. 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.
Long positions are recommended towards 0.99200.
