Switzerland has released Balance of Trade and SNB Financial Stability Report and the US will publish Initial Jobless Claims and Fed Stress Test Results for Big Banks.
The support rests at 0.99520 with resistance at 0.99940 which both lines are above the weekly pivot point at 0.99300. The EMA of 10 is moving with bullish bias in the ascendant channel and it is located above the EMA of 200 and the EMA of 100. The RSI is moving in overbought area, the MACD indicator is in the positive territory and the Stochastic is showing upward momentum. The ADX is showing buy signal. The price is above the Ichimoku Cloud and the Chinkou Span. The Tenkan-sen and the Kijun-sen are both showing a horizontal trend.
Long positions are recommended towards 1.00.