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

• French GDP: The Advanced French GDP for the third-quarter increased by 0.4% quarterly and by 1.5% annualized. Economists predicted an increase of 0.4% quarterly and of 1.5% annualized. Forex traders can compare this to the second-quarter GDP which increased by 0.2% quarterly and by 1.7% annualized.
• German Unemployment Change and German Unemployment Rate: The German Unemployment Change for October was reported at -11K and the German Unemployment Rate at 5.1%. Economists predicted a reading of -12K and of 5.1%. Forex traders can compare this to the German Unemployment Change for September which was reported at -23K and to the German Unemployment Rate which was reported at 5.1%.
• Italian GDP: The Preliminary Italian GDP for the third-quarter was reported flat at 0.0% quarterly and increased by 0.8% annualized. Economists predicted an increase of 0.2% quarterly and of 1.0% annualized. Forex traders can compare this to the Italian GDP for the second-quarter which increased by 0.2% quarterly and by 1.2% annualized.
• Eurozone Confidence Data: Eurozone Economic Confidence for October is predicted at 110.0. Forex traders can compare this to Eurozone Economic Confidence for September which was reported at 110.9. Eurozone Industrial Confidence for October is predicted at 3.9. Forex traders can compare this to Eurozone Industrial Confidence for September which was reported at 4.7. Eurozone Services Confidence for October is predicted at 14.0. Forex traders can compare this to Eurozone Services Confidence for September which was reported at 14.6. Final Eurozone Consumer Confidence for October is predicted at -2.7. Forex traders can compare this to the previous Eurozone Consumer Confidence for October which was reported at -2.7. The Eurozone Business Climate Indicator for October is predicted at 1.16. Forex traders can compare this to Eurozone Business Climate Indicator for September which was reported at 1.21.
• Eurozone GDP: The advanced Eurozone GDP for the third-quarter is predicted to increase by 0.3% quarterly and by 1.8% annualized. Forex traders can compare this to the Eurozone GDP for the second-quarter which increased by 0.4% quarterly and by 2.1% annualized.
• Preliminary German CPI: The Preliminary German CPI for October is predicted to increase by 0.1% monthly and by 2.4% annualized. Forex traders can compare this to the German CPI for September which increased by 0.4% monthly and by 2.3% annualized.

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

• Swiss KOF Leading Indicator: The Swiss KOF Leading Indicator for October was reported at 100.1. Economists predicted a figure of 101.0. Forex traders can compare this to the Swiss KOF Leading Indicator for September which was reported at 102.3.

Should price action for the EURCHF remain inside the or breakout above the 1.1385 to 1.1430 zone the following trade set-up is recommended:

• Timeframe: D1
• Recommendation: Long Position
• Entry Level: Long Position @ 1.1400
• Take Profit Zone: 1.1500 – 1.1555
• Stop Loss Level: 1.1340

Should price action for the EURCHF breakdown below 1.1385 the following trade set-up is recommended:

• Timeframe: D1
• Recommendation: Short Position
• Entry Level: Short Position @ 1.1365
• Take Profit Zone: 1.1245 – 1.1280
• Stop Loss Level: 1.1400

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