On Friday (14:30 GMT+2), the final August U.S. labor report is due: average hourly earnings seen slowing to 3.7% y/y (0.3% m/m), nonfarm payrolls +75k after +73k, and unemployment edging up to 4.3%.
From Switzerland, Thursday’s CPI (08:30 GMT+2) is expected at 0.0% m/m and 0.2% y/y. Inflation remains contained, and with the ECB nearing the end of its easing cycle, the SNB faces little immediate price-pressure risk.
Technical Picture
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Bollinger Bands (D1): Flat to slightly narrowing; still ample room for current volatility.
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MACD (D1): Rising; histogram above the signal line, attempting to hold above zero—weak but constructive buy signal.
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Stochastic (D1): Turning higher from mid-range, indicating short-term bullish potential.
Key Levels
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Resistance: 0.8100, 0.8150, 0.8200, 0.8234
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Support: 0.8050, 0.8000, 0.7943, 0.7900
Trading Scenarios
Primary (Intraday | BUY STOP)
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Entry: 0.8105
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Take Profit: 0.8200
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Stop Loss: 0.8050
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Horizon: 2–3 days
Alternative (SELL STOP)
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Entry: 0.7995
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Take Profit: 0.7900
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Stop Loss: 0.8050
Context & Risk: A clear break above 0.8100 would confirm momentum toward 0.8150/0.8200. Failure at 0.8100 with a drop under 0.8000 shifts focus to 0.7943/0.7900. Event risk (Beige Book, NFP, Swiss CPI) can increase intraday volatility and slippage.