Switzerland is publishing Inflation Rate YoY and the US will release Monthly Budget Statement.
The support rests at 0.93710 with resistance at 0.94160 which the weekly pivot point at 0.93820 is located in between the lines. 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 moving on the 50 level, the MACD line is below the signal line in the negative territory and the Stochastic is showing downward 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.
Short positions are recommended towards 0.928.

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