Join our community of traders FOR FREE!

  • Learn
  • Improve yourself
  • Get Rewards
Learn More

During Friday’s trading session EUR/CHF traded within the range of 1.2175-1.2213 and closed at 1.2180.

Fundamental view

Confidence among investors in the Euro zone probably improved during the current month, with the corresponding index coming in at a reading of 15.0. Last month the indicator rose to 14.1, the strongest since April 2011.

The index is based on results from the SENTIX survey, one of the most prominent surveys, reflecting investors’ opinion in Germany. It encompasses 2 400 respondents, with 510 of them being institutional investors. Respondents present their expectations regarding ten different markets for a period of one and six months. The value of the index is evaluated, as the number of investors projecting a surge in a given market is subtracted from the number of those projecting a drop and the resulting difference is divided by the total number of respondents.

Higher than expected readings would be supportive for the 18-nation common currency. The official result is due at 8:30 GMT.

Technical view

EUR CHF

According to Binary Tribune’s daily analysis, in case EUR/CHF manages to breach the first resistance level at 1.2204, it will probably continue up to test 1.2227. In case the second key resistance is broken, the pair will probably attempt to advance to 1.2242.

If EUR/CHF manages to breach the first key support at 1.2166, it will probably continue to slide and test 1.2151. With this second key support broken, the movement to the downside will probably continue to 1.2128.

TradingPedia.com is a financial media specialized in providing daily news and education covering Forex, equities and commodities. Our academies for traders cover Forex, Price Action and Social Trading.

Related News

  • Oil fluctuates, U.S. data in focusOil fluctuates, U.S. data in focus Oil prices swung between gains and losses on Monday after posting their biggest daily advance on Friday since August 1 and erased most of earlier weekly losses. Market players are looking ahead at key U.S. economic data due later this week to […]
  • Forex Market: EUR/GBP daily outlookForex Market: EUR/GBP daily outlook During yesterday’s trading session EUR/GBP traded within the range of 0.8311-0.8364 and closed at 0.8316.At 7:35 GMT today EUR/GBP was losing 0.06% for the day to trade at 0.8309. The pair touched a daily low at 0.8306 at 7:32 […]
  • Forex Market: EUR/NOK daily forecastForex Market: EUR/NOK daily forecast During Friday’s trading session EUR/NOK traded within the range of 8.3364-8.3884 and closed at 8.3636.At 7:26 GMT today EUR/NOK was gaining 0.25% for the day to trade at 8.3846. The pair touched a daily high at 8.3849 at 7:25 […]
  • US stock-index futures point lower amid budget concernsUS stock-index futures point lower amid budget concerns U.S. stock-index futures fell, indicating the Standard & Poor’s 500 Index will continue its fall after a short raise yesterday, amid concern the budget impasse will hurt economic growth in the world’s largest economy.S&P 500 […]
  • EUR/USD edges lower on mixed Euro zone economic dataEUR/USD edges lower on mixed Euro zone economic data EUR/USD edges lower after a string of mixed economic data was released out of the Euro zone on Monday. The countries in the Euro zone provided mixed signals to the market players.EUR/USD reached a session low at 11:30 GMT to trade at […]
  • GBP/USD advances after HBOS Housing Prices reportGBP/USD advances after HBOS Housing Prices report The sterling advanced against the US dollar, after the HBOS reported its Housing Prices index, amid growing inflationary expectations.GBP/USD reached a session high at 1.6360 at 10:21 GMT, gaining 0.21% for the day, having hit on Monday […]