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The German trade and current account numbers are due for release tomorrow morning at 2:00AM ET or 6:00 GMT. Given the drop in industrial production, softer trade numbers are expected. The sharp reversal in the EUR/CHF indicates that despite an attempt to rally, bears continue to have the upper hand when it comes to EUR/CHF. The currency pair remains in our sell zone and the level to watch now is Friday’s high of 1.6045.If EUR/CHF manages to break that level again, it could lead to a more lasting turn, but given our fundamental outlook on the data and the current technical picture, a break of 1.5937, today’s low seems far more likely.
Fundamental analysis has such importance in the sense that you can forecast the upcoming estate of a certain pair. So ForexGen introduces a full explanation of it providing all users with all latest news.
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