Since yesterday the euro began to regain its positions in relation to the dollar, which comes against the backdrop of a lack of significant macroeconomic data. Therefore, yesterday the euro index began to climb up and today has reached the mark of 94.83.
With regard to the Swiss franc, the single currency started pointing to a reversal trend and now is going upward.
Today we expect the Eurozone indices of business expectations and the business climate in Germany, as well as an annual indicator of the level of wages.
Concerning the Swiss franc, there is no data expected today, which is why we are focusing on the euro-related data that will come out.
Considering the technical indicators, we can see that the stochastic has come out of the oversold zone and is now pointing at a buy order. The RSI points upwards and the ADX confirms the opportunity to bet on long positions.
Our trading advice for today is to look for the points of entry around the level of 1.1635; the closest goals should be set at 1.1675 and 1.1690.
