Switzerland will release the Inflation Rate and the US will publish Balance of Trade, Nonfarm Productivity QoQ Final and EIA Crude Oil Stocks Change.
The support rests at 0.98270 with resistance at 0.98670 which both lines are below the weekly pivot point at 0.98960. The EMA of 10 is moving with bearish bias in the descendant channel and it is located above the EMA of 200 and below the EMA of 100. The RSI is moving below the 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 pair up towards 0.9917; otherwise, it will drop to 0.9791.