Switzerland is publishing Industrial Production YoY but the US will release some major economic reports such as the Fed Interest Rate Decision.
The support rests at 0.98660 with resistance at 0.98900 which both lines are above the weekly pivot point at 0.98440. The EMA of 10 is moving with bullish bias in the ascendant channel but it is located below the EMA of 200 and the EMA of 100. The RSI is moving above the 50 level, the MACD indicator is in the positive territory and the Stochastic is showing upward 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.
Long positions are recommended towards 0.99.

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