EUR & CHF Weekly Forecast (Mar. 30 – Apr. 3)

Counter currency flows pushed euro and franc pairs around, resulting in a mixed run last week. Will it be the same case this time?

Flash CPI reports (starting Mar. 30)

• German preliminary CPI to dip from 0.4% to 0.0% in March
• Spanish flash CPI to fall from 0.6% to 0.7%
• French preliminary CPI to show 0.4% decline
• Euro zone headline flash CPI to fall from 1.2% to 0.8%
• Euro zone core flash CPI to dip from 1.2% to 1.1%

Overall market sentiment

• Market watchers have been more focused on coronavirus-related updates, as well as stimulus efforts, that impact risk-taking.
• The euro and franc tend to benefit from safe-haven flows as traders steer clear of the U.S. dollar.

Technical snapshot

• Moving averages show that most euro pairs are on bullish ground, except for EUR/CHF and EUR/JPY.

• As for CHF pairs, long-term trend strength analysis reveals that most pairs are still looking bearish.

Missed last week’s price action? Make sure you check out the EUR & CHF Weekly Review for Mar. 23 – 27!