Foreign Currency Reserves was released in Switzerland and the US will publish Consumer Credit data.
The support rests at 0.88880 with resistance at 0.89460 which both lines are below the weekly pivot point at 0.89660. 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 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 weak buy signal. 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 0.89880.
