EURCHF reached the all time Low at 0.97040 since January’2014. EURCHF recently broke the monthly support 0.97000 and marked a new low at 0.96000 and approaching 0.97200 Resistance. The Gross Domestic Product released measures the total value of goods and service was the high impact fundamental released quarterly was seen negative with a 0.6% on a 0.7% previous release. The Employment Change measures the change in the number of employed people released 0.3% on a 0.4% consensus. EUR is seen hawkish compared to USD for the past few days and is expected to go north in the upcoming days.

As of writing EURCHF was seen floating 0.96500 and it is traded hawkish for the second trading session. Entry level can be taken after the hourly support 0.96500 is re-tested and it expected to go long with a minimum risk at the previous support 0.96000 and a reward at the next resistance 0.97000. On the other side, if EURCHF is seen reversed at the downtrend trendline, more dovish momentum will be seen falling to the new lower low.