with the latest news for USD unemployment claims disappointing for a second week (484 actual vs 439 expected)it sent the USDX (dollar index)lower. Manufacturing index showed positive result, but market did not account for that all that much. Pair is in downtrend since beginning of march, and with the first news for CHF this week (which are expected to be positive) we could expect continuation of the trend. There is much more data to come for USD, but the bias is that unemployment claims are going to weigh on the USD. 1.0616 serves as a resistance (April 12 High), and in addition to it 38.2 FIB. retracement is placed at 1.0612 from the move (1.0897 - 1.0434)FIB retracement is not placed on the chart because of clarity. Stops should be placed above 20 simple moving average which is at 1.0622 and targets should bellow 1.0525
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