Industrial Production has been published in Switzerland.
The support rests at 0.99960 with resistance at 1.00190 which both lines are below the weekly pivot point at 1.00450. The EMA of 10 is moving horizontally in the descendant channel and it is located above the EMA of 200 and below the EMA of 100. The RSI is falling towards oversold area, the MACD line is above the signal line in the positive territory and the Stochastic is moving in middle ranges. The ADX is showing sell signal. The price is below the Ichimoku Cloud and the Chinkou Span. The Tenkan-sen is showing an upward trend while the Kijun-sen is showing a downward trend.
Short positions are recommended towards 0.9982.

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