Switzerland will release SNB Basic Interest Rate and SNB Monetary Policy Assessment and the US will publish PPI Core and Unemployment Claims data.
The support rests at 0.98090 with resistance at 0.98280 which both lines are below the weekly pivot point at 0.99220. 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 in oversold area, the MACD line is below the signal line in the negative territory and the Stochastic is moving in low ranges. The ADX is showing sell signal. The price is below the Ichimoku Cloud and the Chinkou Span. The Tenkan-sen and the Kijun-sen are both showing a horizontal trend.
The support level breakthrough will smooth the way for further decline towards 0.97800; otherwise USDCHF will grow towards 0.98500.