Instrument: EURCHF
Technical Analysis
Bullish Preference:
A buy position is envisaged if the price trades above 0.96977 with a take profit at 0.97063.
Bearish Preference:
A sell position is envisaged if the price trades below price 0.96884 with a take profit at 0.96797.
Fundamentals:
9.00 am Italian Industrial production
Comment:
European stock markets drifted lower Tuesday, as investors fretted about slowing global growth and future central bank policy decisions. investors digested worsening economic conditions ahead of next week’s key central bank meetings The final composite PMI index, seen as a good gauge of overall economic health, showed that business activity in the eurozone was shored up last month by the bloc’s dominant services industry offsetting a deepening decline in the manufacturing sector.
Analysis: SCRUM Team