章節 30  EURCHF on the way down

23/11/2022


Summary
The risk-off situation gives the CHF strength

Fundamental analysis

We have coming news this Thursday And Friday On Germany The biggest Economy In Europe zone With negative expectations On the other hand We have big news In Switzerland On Friday The nonfarm payroll third quarter

Germany IFO Business Climate Index
Previous 84.3
Expectation 85

EURCHF on the way down -第1張圖
Germany GDP Final YoY
Previous 1.8%
Expectation 1.1%

EURCHF on the way down -第2張圖
Switzerland Non-Farm Payrolls

Previous 5.316M
Expectation —----

EURCHF on the way down -第3張圖
Technical analysis
We see in the 4H chart diagram The pair is going down by seeing the Higher lows and lower lows formation price now at 0.97833 We expect the price to pull up at 0.96000 To create a new higher low and to touch the 20 moving average And then we expect them the price To continue down until the previous demand zone at 0.97275
EURCHF on the way down -第4張圖

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