KOF Leading Indicators has been released in Switzerland and the US will publish Personal Income and Spending data.
The support rests at 0.97240 with resistance at 0.97670 which both lines are below the weekly pivot point at 0.98450. The EMA of 10 is moving with bearish bias in the descendant channel and it is located below the EMA of 200 and 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 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.
Short positions are recommended towards 0.97100.