Producer & Import Prices has been released in Switzerland and the US will publish some economic data such as Continuing Claims, Unemployment Claims, Housing Starts and EIA Natural Gas Storage Change.
The support rests at 0.96380 with resistance at 0.97070 which the weekly pivot point at 0.96980 is located in between the lines. The EMA of 10 is moving with bullish bias in the descendant channel and it is located below the EMA of 200 and the EMA of 100. The RSI is moving above 50 level, 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 in the Ichimoku Cloud and below the Chinkou Span. The Tenkan-sen and the Kijun-sen are both showing a horizontal trend.
Long positions are recommended towards 0.9720.