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There’s not much in the way of top-tier catalysts from the euro zone and Switzerland this week, so market sentiment might once again reign supreme.

In the previous week, these European currencies saw a bit of weakness though, as a bit of optimism was in play ahead of the G20 an OPEC meetings.

Still, the euro and franc ended with a mixed performance, losing mostly against the Aussie, Kiwi, and pound. Here’s what’s coming up next:

Low-tier euro zone data

  • French final CPI (Apr. 15, 7:45 am GMT) to stay unchanged at 0.0%
  • German final CPI (Apr. 16, 7:00 am GMT) to stay unchanged at 0.1%
  • Euro zone industrial production (Apr. 16, 10:00 am GMT) to show 0.1% dip
  • Euro zone final CPI readings (Apr. 17, 10:00 am GMT) to have no revisions at 0.7% for the headline figure and 1.0% for the core figure

Overall market sentiment

Technical snapshot

EUR Forex Pairs Stochastic from MarketMilk
EUR Forex Pairs Stochastic from MarketMilk
  • As for CHF pairs, Williams %R shows that most are looking bearish in the overbought region.
CHF Forex Pairs Williams %R from MarketMilk
CHF Forex Pairs Williams %R from MarketMilk
  • EUR/CHF is the only franc pair that’s oversold while CHF/JPY and USD/CHF are on neutral grounds.