Here are the key factors to keep in mind today for Euro trades:

• German Industrial Production: German German Industrial Production for March decreased by 0.4% monthly and increased by 1.9% annualized. Economists predicted a decrease of 0.7% monthly and an increase of 2.5% annualized. Forex traders can compare this to German Industrial Production for February which increased by 1.8% monthly and by 2.0% annualized.
• German Trade Balance & German Current Account Balance: The German Trade Balance for March was reported at a €25.4B. Economists predicted a figure of €21.5B. Forex traders can compare this to German Trade Balance for February which was reported at €20.0B. Exports increased by 0.% monthly and Imports increased by 2.4% monthly. Economists predicted an increase of 0.2% monthly and of 1.6% annualized. Forex traders can compare this to Exports for February which increased by 0.9% monthly and to Imports which decreased by 1.6% annualized. The German Current Account Balance for March was reported at a €30.2B. Economists predicted a figure of €26.5B. Forex traders can compare this to the German Current Account Balance for February which was reported at €20.7B.

Here is the key factor to keep in mind today for Swiss Franc trades:

• Swiss Unemployment Rate: The Swiss Unemployment Rate for April was reported at 3.3% and the Seasonally Adjusted Unemployment Rate was reported at 3.2%. Economists predicted a rate of 3.3% and of 3.3%. Forex traders can compare this to the Swiss Unemployment Rate for March which was reported at 3.4% and the Seasonally Adjusted Unemployment Rate which was reported at 3.3%.

Should price action for the EURCHF remain inside the or breakdown below the 1.0900 to 1.0950 zone the following trade set-up is recommended:

• Timeframe: D1
• Recommendation: Short Position
• Entry Level: Short Position @ 1.0925
• Take Profit Zone: 1.0770 – 1.0820
• Stop Loss Level: 1.1000

Should price action for the EURCHF breakout above 1.0950 the following trade set-up is recommended:

• Timeframe: D1
• Recommendation: Long Position
• Entry Level: Long Position @ 1.0975
• Take Profit Zone: 1.1050 – 1.1100
• Stop Loss Level: 1.0900

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