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Eurchfsignal

EURCHF, Buy on H1**Disclaimer** the content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions. Traders!! if you like my ideas and do take the same trade like i do, please write it in comment so we can manage the trade together. ___________________________________________________________________________________________________________________________________________ Thank you for your support ;) GWBFX
Long
by GWBFX
EURCHF Fundamental Analysis – September 2nd 2019Here are the key factors to keep in mind today for Euro trades: Spanish Markit Manufacturing PMI: The Spanish Markit Manufacturing PMI for August was reported at 48.8. Economists predicted a figure of 48.5. Forex traders can compare this to the Spanish Markit Manufacturing PMI for July which was reported at 48.2. Italian Markit/ADACI Manufacturing PMI: The Italian Markit/ADACI Manufacturing PMI for August is predicted at 48.5. Forex traders can compare this to the Italian Markit/ADACI Manufacturing PMI for July which was reported at 48.5. French Markit Manufacturing PMI: The Final French Markit Manufacturing PMI for August is predicted at 51.0. Forex traders can compare this to the previous French Markit Manufacturing PMI for August which was reported at 51.0. German Markit/BME Manufacturing PMI: The Final German Markit/BME Manufacturing PMI for August is predicted at 43.6. Forex traders can compare this to the previous German Markit/BME Manufacturing PMI for August which was reported at 43.6. Eurozone Markit Manufacturing PMI: The Final Eurozone Markit Manufacturing PMI PMI for June is predicted at 47.0. Forex traders can compare this to the previous Eurozone Markit Manufacturing PMI for June which was reported at 47.0. Here are the key factors to keep in mind today for Swiss Franc trades: Swiss Retail Sales: Swiss Retail Sales for July increased by 1.4% annualized. Forex traders can compare this to Swiss Retail Sales for June which increased by 0.7% annualized. Swiss Manufacturing PMI: The Swiss Manufacturing PMI for August is predicted at 45.7. Forex traders can compare this to the Swiss Manufacturing PMI for July which was reported at 44.7. Swiss Total Sight Deposits and Swiss Domestic Sight Deposits: Swiss Total Sight Deposits for the week of August 30th are predicted at CHF592.1B and Swiss Domestic Sight Deposits are predicted at CHF480.0B. Forex traders can compare this to Swiss Total Sight Deposits for the week of August 23rd which were reported at CHF591.7B and to Swiss Domestic Sight Deposits which were reported at CHF478.1B. Should price action for the EURCHF remain inside the or breakout above the 1.0830 to 1.0920 zone the following trade set-up is recommended: Timeframe: D1 Recommendation: Long Position Entry Level: Long Position @ 1.0890 Take Profit Zone: 1.1060 – 1.1110 Stop Loss Level: 1.0800 Should price action for the EURCHF breakdown below 1.0830 the following trade set-up is recommended: Timeframe: D1 Recommendation: Short Position Entry Level: Short Position @ 1.0790 Take Profit Zone: 1.0670 – 1.0720 Stop Loss Level: 1.0830
by PaxForex