KOF Economic Barometer was reported above the forecasted rate and ZEW-CS Survey will be released in Switzerland. The US will publish ADP Non-Farm Employment Change and Pending Home Sales.
The support rests at 0.91990 with resistance at 0.92680 which the weekly pivot point at 0.92240 is located in between the lines. The EMA of 10 is moving with bullish bias in the ascendant channel and it is located above the EMA of 200 and the EMA of 100. The RSI is rising towards level 50, the MACD line is below the signal line in the negative territory and the Stochastic is showing upward momentum. 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 0.93000.