Producer & Import Prices will be released in Switzerland and the US will publish NY Empire State Manufacturing Index.
The support rests at 1.00060 with resistance at 1.00320 which the weekly pivot point at 1.00170 both lines are above. 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 moving on 50 level, the MACD line is below the signal line in the negative territory and the Stochastic is moving in high ranges. The ADX is showing sell signal. The price is above the Ichimoku Cloud and below the Chinkou Span. The Tenkan-sen is showing a downward trend while the Kijun-sen is showing a horizontal trend.
The support level breakthrough will drag the price down towards 0.9983.
