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The Euro was one tough cookie this week as the bulls held their ground despite big shifts in risk sentiment and disappointing economic data from Europe. This Swiss franc was hanging on for a while with the euro until the big positive shift in risk sentiment at the end of the week sent the franc into loser status into the weekend.

The Euro

Overlay of EUR Pairs: 1-Hour Forex Chart
Overlay of EUR Pairs: 1-Hour Forex Chart

European Headlines and Economic data

Monday:

Tuesday:

Wednesday:

Thursday:

The Swiss Franc

Overlay of CHF Pairs: 1-Hour Forex Chart
Overlay of CHF Pairs: 1-Hour Forex Chart

Swiss Headlines and Economic data

Monday:

  • The Swiss franc started the week on a positive note, likely on sour global risk sentiment after reports of China seeking to narrow its trade deal with the U.S. likely had traders a bit more anxious for the upcoming meetings between China and the U.S. in Washington, D.C. this week.

Tuesday:

Wednesday:

Thursday:

Friday: