Producer and import prices in Switzerland came better than expected. The US will publish Building Permits, Housing Starts and Michigan Consumer Sentiment Index.
The support rests at 0.91860 with resistance at 0.92400 which the weekly pivot point at 0.93050 is located above the lines. The EMA of 10 is moving with bearish bias in the descendant channel and it is located below the EMA of 100 and above the EMA of 200. The RSI is falling towards oversold area, the MACD line is on the signal line in the neutral territory and the Stochastic is showing downward momentum. The ADX is showing sell signal. The price is below the Ichimoku Cloud and below the Chinkou Span. The Tenkan-sen is showing a downward trend and the Kijun-sen is showing a horizontal trend.
Short positions are recommended towards 0.91500.