Economic Sentiment Index will be released in Switzerland and the US will publish New Home Sales and GDP Growth Rate QoQ.
The support rests at 0.99860 with resistance at 1.00030 which both lines are above the weekly pivot point at 0.99640. The EMA of 10 is moving with bullish bias in the ascendant channel and it is located below the EMA of 100 and above the EMA of 200. The RSI is rising towards the overbought area, 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 in 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 1.002.

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