Producer & Import Prices and SECO Economic Forecasts have been published in Switzerland and the US will release Import and export Prices.
The support rests at 0.99130 with resistance at 0.99790 which the weekly pivot point at 0.99200 is located in between the lines. The EMA of 10 is moving with bullish bias in the ascendant channel and it is located below the EMA of 200 and the EMA of 100. The RSI is falling towards 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 buy signal. The price is in the Ichimoku Cloud and below the Chinkou Span. The Tenkan-sen and the Kijun-sen are both showing a horizontal trend.
The support level breakthrough will push the price down towards 0.9880; otherwise long positions are recommended towards 0.99900.
