Unemployment Rate data was published in Switzerland and the US will release Consumer Credit and Crude Oil Inventories.
The support rests at 0.93850 with resistance at 0.94400 which both lines are below the weekly pivot point at 0.94690. 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 falling towards oversold area, the MACD line is above the signal line in the positive territory and the Stochastic is moving in middle ranges. The ADX is not showing any clear signals. The price is below the Ichimoku Cloud and below the Chinkou Span. The Tenkan-sen and the Kijun-sen are both showing a horizontal trend.
Short positions are recommended towards 0.93800.
