Unemployment Rate has been published in Switzerland and there are no major economic reports in the US.
The support rests at 1.00070 with resistance at 1.00340 which both lines are above the weekly pivot point at 0.99520. The EMA of 10 is moving with bullish bias in the ascendant channel and it is located above the EMA of 100 and the EMA of 200. The RSI is falling towards 50 level, the MACD line is below the signal line in the negative territory and the Stochastic is moving in high ranges. The ADX is not showing any clear signals. The price is above the Ichimoku Cloud and below the Chinkou Span. The Tenkan-sen and the Kijun-sen are both showing an upward trend.
Long positions are recommended towards 1.005.
