ZEW-CS Survey (Economic Expectations) has been published in Switzerland and the US will release New Home Sales and Crude Oil Inventories.
The support rests at 0.97180 with resistance at 0.97930 which both lines are below the weekly pivot point at 0.98010. The EMA of 10 is moving with bearish bias in the descendant channel and it is located above the EMA of 200 and below the EMA of 100. The RSI is moving in oversold area, the MACD line is below the signal line in the negative territory and the Stochastic is moving in low ranges. The ADX is showing sell signal. The price is below the Ichimoku Cloud and the Chinkou Span. The Tenkan-sen and the Kijun-sen are both showing a downward trend.
The price is not crossing the support line. Long positions are recommended towards 0.98050.

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