SNB Chairman Thomas Jordan Speaks in Switzerland. New Home Sales data will be released in the US.
The support rests at 0.90260 with resistance at 0.91140 which the weekly pivot point at 0.90800 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 100 and the EMA of 200. The RSI is rising towards level 50, the MACD line is above the signal line in the positive territory and the Stochastic is showing upward momentum. The ADX is showing buy signal. The price is below the Ichimoku Cloud and above the Chinkou Span. The Tenkan-sen and the Kijun-sen are both showing a horizontal trend.
Long positions are recommended towards 0.91000.

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