Switzerland has published Producer & Import Prices and the US will release Consumer Price Index and Unemployment Claims.
The support rests at 0.98810 with resistance at 0.99460 which both lines are above the weekly pivot point at 0.98680. The EMA of 10 is moving with bearish 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 below the signal line in the negative territory and the Stochastic is showing downward momentum. The ADX is not showing any clear signals. The price is in the Ichimoku Cloud and below the Chinkou Span. The Tenkan-sen is showing a downward trend and the Kijun-sen is showing an upward trend.
The indicators are showing mixed signals. While the support line seems to be too strong to be broken, long positions are recommended towards 0.99600.
