Swiss Retail sales for November posted a contraction, but slightly less than economists expected. The Swiss Franc remained stable following the announcement which kept the EURCHF hovering at support levels. German industrial production posted a bigger than expected contraction and Eurozone confidence data came in lower than anticipated. Price action traded in a narrow range, but where is this currency pair headed next?
Will a short-covering rally drive the EURCHF to the upside or will the bears force a breakdown? Get your trading set-up now at PaxForex Daily Fundamental Analysis and take the profitable side of this trade!
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