Chương 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
Germany GDP Final YoY
Previous 1.8%
Expectation 1.1%
Switzerland Non-Farm Payrolls
Previous 5.316M
Expectation —----
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 
