Switzerland released Retail Sales and Foreign Currency Reserves data and the US will publish Unemployment Claims and Continuing Claims.
The support rests at 0.97310 with resistance at 0.97600 which both lines are above the weekly pivot point at 0.97110. The EMA of 10 is moving with bullish bias in the descendant channel and it is located below the EMA of 200 and the EMA of 100. The RSI is moving above 50 level, the MACD line is above the signal line in the positive territory and the Stochastic is moving in high ranges. The ADX is showing buy signal. The price is above the Ichimoku Cloud and the Chinkou Span. The Tenkan-sen and the Kijun-sen are both showing a horizontal trend.
Long positions are recommended towards 0.97800.

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