Retail Sales and KOF Economic Barometer were released in Switzerland and the US will publish PCE Core, Personal Spending, Employment Cost Index and Pending Home Sales.
The support rests at 0.88820 with resistance at 0.89090 which both lines are above the weekly pivot point at 0.88720. 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 growing towards overbought area, the MACD line is above the signal line in the positive territory and the Stochastic is showing upward momentum. The ADX is showing weak 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 0.89100.