Switzerland’s unemployment rate remained unchanged and there are no major economic reports in the US or Switzerland.
The support rests at 0.99550 with resistance at 0.99790 which both lines are above the weekly pivot point at 0.99350. The EMA of 10 is moving with bullish bias in the ascendant channel and it is located above the EMA of 200 and the EMA of 100. The RSI is falling towards 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 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 0.99990.
