SECO Economic Forecasts has been released in Switzerland and the US will publish EIA Natural Gas Storage Change, Unemployment Claims and PPI Core data.
The support rests at 0.92580 with resistance at 0.93880 which both lines are below the weekly pivot point at 0.94490. 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 50 level, the MACD line is above the signal line in the positive territory and the Stochastic is showing downward momentum. The ADX is showing weak sell signal. The price is below the Ichimoku Cloud and above the Chinkou Span. The Tenkan-sen and the Kijun-sen are both showing a downward trend.
Short positions are recommended towards 0.92600.
