Balance of Trade has been released in Switzerland and the US will publish API Crude Oil Stock Change and S&P/Case-Shiller Home Price.
The support rests at 0.99080 with resistance at 0.99320 which both lines are below the weekly pivot point at 0.99480. The EMA of 10 is moving with bearish bias in the descendant channel and it is located above the EMA of 100 and the EMA of 200. The RSI is moving below the 50 level, the MACD line is below the signal line in the negative territory and the Stochastic is showing upward momentum. The ADX is not showing any clear signals. The price is in the Ichimoku Cloud and below the Chinkou Span. The Tenkan-sen is showing a downward trend while the Kijun-sen is showing a horizontal trend.
Short positions are recommended towards 0.9891.
