Instrument: EURCHF
Technical Analysis
Bullish Preference:
A buy position is envisaged if the price trades above 0.97625 with take profit at 0.97729.
Bearish Preference:
A sell position is envisaged if the price trades below 0.97239 with take profit at 0.97120.
Fundamentals:
7:30am CHF CPI m/m
Comment:
The consumer price index (CPI) increased by 0.3% in May 2023 compared with the previous month. The 0.3% increase compared with the previous month is due to several factors including rising prices for housing rentals and package holidays. Fruiting vegetables and root vegetables also recorded a price increase, as did many other food products.
Analysis: SCRUM Team