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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.
EUR Pairs Moving Averages from MarketMilk
EUR Pairs Moving Averages from MarketMilk
  • As for CHF pairs, long-term trend strength analysis reveals that most pairs are still looking bearish.
CHF Pairs Moving Averages from MarketMilk
CHF Pairs Moving Averages from MarketMilk

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