Switzerland has released Unemployment Rate which was the same as the previous one and the US will publish Wholesale Inventories MoM.
The support rests at 0.93720 with resistance at 0.94110 which both lines are above the weekly pivot point at 0.93160. The EMA of 10 is moving with bullish bias in the ascendant channel and it is located below the EMA of 200 and the EMA of 100. The RSI is moving above 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 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 0.949.

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