Producer & Import Prices has been released in Switzerland and the US will publish Retail Sales, Capacity Utilization and Industrial Production.
The support rests at 0.97930 with resistance at 0.98180 which both lines are above the weekly pivot point at 0.97290. The EMA of 10 is moving with bullish bias in the ascendant channel and it is located above the EMA of 200 and the EMA of 100. The RSI is moving in overbought area, the MACD line is above the signal line in the positive territory and the Stochastic is moving in high ranges. 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 an upward trend.
Long positions are recommended towards 0.98200.