There are no major economic reports in Switzerland but the US will have a busy calendar today.
The support rests at 0.96630 with resistance at 0.97320 which the weekly pivot point at 0.69880 is located in between the lines. The EMA of 10 is moving with bearish bias in the descendant channel and it is located above the EMA of 200 and the EMA of 100. The RSI is falling below 50 level, the MACD line is below the signal line in the negative territory and the Stochastic is moving in middle ranges. The ADX is not showing any clear signals. The price is in the Ichimoku Cloud and below the Chinkou Span. The Tenkan-sen and the Kijun-sen are both showing a horizontal trend.
Long positions are recommended towards 0.9745.
