فصل 8 Will the Jobless Claims push the dollar down
EUR/CHF
11/10/2022
Fundamental analysis
This week we have News on the euro we have Germany's CPI We have eurozone industrial output and we have the euro trade balance Overall expectation that it is suitable for Europe On the other hand we don't have any significant news on the swiss franc this week We have only import price index:-
Euro Area Industrial Production MoM
Previous Figure -2.3% Expectation Figure 0.6%
A higher-than-expected figure should be seen as positive (bullish) for the EUR
a lower than expected figure should be seen as negative (bearish) for the EUR.
Germany CPI Final YoY (Sept)
Previous Figure 0.3% Expectation Figure 1.9%
A higher-than-expected figure should be seen as positive (bullish) for the EUR
a lower-than-expected figure should be seen as negative (bearish) for the EUR.
Euro Area Balance of Trade
Previous Figure -40.3B Expectation Figure -27.0B
A higher-than-expected figure should be seen as positive (bullish) for the EUR
a lower-than-expected figure should be seen as negative (bearish) for the EUR.
Switzerland Imports Price Index YoY
Previous Figure 5.5% Expectation Figure NON
Technical analysis
Technically right now we are in a downtrend channel on the 4H time frame
Coming from an uptrend from the last week Technically expectation the market will go down to hit 50% for the Fibonacci level will be in this box from 38.2 until 61.8 And if we see any sign of strength to come out from the channel We can consider to buy the euro against the Swiss franc
Support levels
0.96525
0.96055
0.95584
0.95009
Resistance levels
0.98028
0.98708
0.99531
1.00472
