Switzerland will release SNB Interest Rate Decision and the US will publish Existing Home Sales.
The support rests at 0.96340 with resistance at 0.96810 which both lines are below the weekly pivot point at 0.96900. 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 falling towards the 50 level, the MACD line is above the signal line in the positive territory and the Stochastic is showing downward momentum. The ADX is not showing any clear signals. 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.
The resistance level seems to be too strong to be broken, short positions are recommended towards 0.96.

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