Switzerland released Trade Balance data and the US will publish Natural Gas Storage, Existing Home Sales, CB Leading Index m/m, Unemployment Claims, Current Account and Philly Fed Manufacturing Index.
The support rests at 0.97930 with resistance at 0.98080 which both lines are below the weekly pivot point at 0.98530. The EMA of 10 is moving with bearish bias in the descendant channel and it is located below the EMA of 200 and the EMA of 100. The RSI is moving below 50 level, the MACD line is on the signal line in the neutral territory and the Stochastic is moving in low ranges. The ADX is showing mixed signals. The price is below the Ichimoku Cloud and the Chinkou Span. The Tenkan-sen and the Kijun-sen are both showing a horizontal trend.
Short positions are recommended towards 0.9780.