Chapter 31 EURCHF Mounting up To previous supply zone
25/11/2022
Summary
Eurozone economic news drives the market
Fundamental analysis
It's the weekend again and next week we have a lot of Economic news Moving the market for both currencies EURO and CHF With the positive expectation for the EURO here is some of the coming news
Eurozone Industrial Climate Index
Previous -1.2
Expected -0.5
Eurozone Consumer Inflation Expectations
Previous 37.4
Expected —----
Eurozone Economic Confidence Index
Previous 92.5
Expected 93.5
Germany CPI Prelim YoY
Previous 10.4%
Expected 10.4%
Switzerland GDP YoY
Previous 2.8%
Expected —--------
Technical analysis
In this 4H chart diagram, the price is trading at 0.98354 at the weekend We expect the price to pull back to 0.98130 to create a new higher low And then the market will bounce up With the 20 moving average pointing up Climbing to the previous supply at 0.98960
