Switzerland has published Non-Farm Payrolls and the US will release the New Home Sales.
The support rests at 0.93100 with resistance at 0.93570 which the weekly pivot point at 0.93420 is located in between the lines. The EMA of 10 is moving with bearish bias in the descendant channel and it is located below the EMA of 200 and above the EMA of 100. The RSI is falling below the 50 level, the MACD line is below the signal line in the negative territory and the Stochastic is showing downward momentum. The ADX is showing sell signal. The price is in the Ichimoku Cloud and below the Chinkou Span. The Tenkan-sen is showing a horizontal trend while the Kijun-sen is showing an upward trend.
Short positions are recommended towards 0.925.

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