ZEW-CS Survey will be published in Switzerland and the US will release Crude Oil Inventories.
The support rests at 0.98000 with resistance at 0.98390 which both lines are above the weekly pivot point at 0.97870. The EMA of 10 is moving with bullish bias in the ascendant channel and it is located below the EMA of 200 and above the EMA of 100. The RSI is moving on 50 level, the MACD line is above the signal line in the positive territory and the Stochastic is moving in middle ranges. The ADX is showing buy signal. The price is above the Ichimoku Cloud and the Chinkou Span. The Tenkan-sen and the Kijun-sen are both showing a horizontal trend.
Long positions are recommended towards 0.9850.