Tag Archives: EUR/CHF

Daily Technical Report

EUR/USD has breached the hourly resistance at1.2743, suggesting some increase in buyinginterest.

Safe haven inflows into Switzerland are starting to unwind. According to SNB data,

The main event is the Fed meeting tonight. Given the recent market turmoil, the Fedis likely to

EUR/USD is grinding higher towards the hourlyresistance at 1.2743. A break of this level isneeded to

In the US, durable goods orders are due for release and consensus is for an increase of0.5% m/m in September.

EUR/USD needs to break the hourly resistanceat 1.2743 to alleviate concerns of a quick declinetowards the key support at 1.2501.

Focus will be on the ECB’s asset quality review and stress test, which were releasedyesterday.

EUR/USD’s recent bounce is likely over. As aresult, a full retracement towards the key supportat 1.2501 is favoured.

EURUSD: The pair initially fell down between the 1.2625 and 1.2605support points before

A quiet day on the data front. German consumer confidence released at 08:00 isexpected to

EUR/USD continues to weaken, as can be seenby the break of the hourly support at 1.2706 (seealso the rising channel).

Main event will be euro Flash PMI for October, which provides country details forGermany and France.