There are no major economic reports in Switzerland and the US will release Durable Goods Orders, Personal Spending and Income data.
The support rests at 0.99130 with resistance at 0.99450 which the weekly pivot point at 0.99200 is located in between the lines. 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 above 50 level, the MACD line is above the signal line in the positive territory and the Stochastic is moving in high ranges. The ADX is showing buy signal. The price is above the Ichimoku Cloud and below the Chinkou Span. The Tenkan-sen and the Kijun-sen are both showing a horizontal trend.
Long positions are recommended towards 0.99700.

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