Switzerland has released Trade Balance and the US will publish Philadelphia Fed Manufacturing Index and Unemployment Claims.
The support rests at 0.98390 with resistance at 0.98690 which both lines are below the weekly pivot point at 0.98770. The EMA of 10 is moving with bearish bias in the ascendant channel and it is located below the EMA of 200 and above the EMA of 100. The RSI is moving below 50 level, the MACD line is below the signal line in the negative territory and the Stochastic is moving in low ranges. The ADX is showing sell signal. The price is below the Ichimoku Cloud and below the Chinkou Span. The Tenkan-sen and the Kijun-sen are both showing a horizontal trend.
Short positions are recommended towards 0.98150.