The Economic Affairs State Secretariat data (SECO) showed that the Switzerland unemployment rate rose in September in line with the economists' expectations. The seasonally corrected unemployment rate rose up to 3.4 % from 3.3 % in August. The uncorrected unemployment rate remained unchanged at the level of 3.2 %. Last year the indicator was 3 % in August. Meanwhile, the US jobless claims report was published. With forecast 274K, it turned out of 263K.
The price broke through the support level of 0.9750 and the price steadily fixed below this mark, already have tested the level of 0.9650.
The price is finding the first support at 0.9650, the next one is 0.9540. The price is finding the first resistance at 0.9750, the next one is at 0.9850.
There is a confirmed and a strong sell signal. The price is below the Cloud and it is below the Chinkou Span. The Tenkan-sen and the Kijun-sen are directed downwards. The downward movement will be until the price is below the Cloud.
The MACD negative territory. The price is decreasing.
We suppose the pair will go to 0.9540 first.