EURCHF Fundamental Analysis – October 5th 2017

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

German Markit Construction PMI: The German Markit Construction PMI for September was reported at 53.4. Forex traders can compare this to the German Markit Construction PMI for August which was reported at 54.9.
Eurozone Retail PMI: The Eurozone Retail PMI for September was reported at 52.3. Forex traders can compare this to the Eurozone Retail PMI for August which was reported at 50.8. The German Retail PMI for September was reported at 52.8. Forex traders can compare this to the German Retail PMI for August which was reported at 53.0. The French Retail PMI for September was reported at 53.3. Forex traders can compare this to the French Retail PMI for August which was reported at 50.4. The Italian Retail PMI for September was reported at 50.2. Forex traders can compare this to the Italian Retail PMI for August which was reported at 48.0.

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

Swiss CPI: The Swiss CPI for September increased by 0.2% monthly and by 0.7% annualized. Economists predicted an increase of 0.2% monthly and of 0.6% annualized. Forex traders can compare this to the Swiss CPI for August which was reported flat at 0.0% monthly and which increased by 0.5% annualized. The Swiss EU Harmonized CPI for September increased by 0.2% monthly and by 0.8% annualized. Forex traders can compare this to the Swiss EU Harmonized CPI for August which decreased by 0.1% monthly and which increased by 0.5% annualized.

Should price action for the EURCHF remain inside the or breakout above the 1.1460 to 1.1500 zone the following trade set-up is recommended:

Should price action for the EURCHF breakdown below 1.1460 the following trade set-up is recommended:

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