EUR & CHF Weekly Forecast – Focus on Lockdowns and Vaccine Rollout - Kakiforex | Forex markets for the smart money. EUR & CHF Weekly Forecast – Focus on Lockdowns and Vaccine Rollout EUR & CHF Weekly Forecast – Focus on Lockdowns and Vaccine Rollout

February 22, 2021

EUR & CHF Weekly Forecast – Focus on Lockdowns and Vaccine Rollout

 There are no major reports due from the euro zone and Swiss economy this week, so traders could continue to keep close tabs on pandemic-related updates.


Mid-tier economic releases

  • German Ifo business climate index (Feb. 22, 9:00 am GMT) to improve slightly from 90.1 to 90.5 in February
  • German GfK consumer climate index (Feb. 25, 7:00 am GMT) to rise from -15.6 to -14.0 this month
  • French consumer spending, preliminary CPI and GDP due on Feb. 26, 7:45 am GMT
  • Swiss KOF economic barometer (Feb. 26, 8:00 am GMT) to improve from 96.5 to 97.2 this month

Pandemic-related updates

  • Germany extended its lockdown until March 14, as the U.K. variant of the virus continues to spread
  • Restrictions in other European nations might be tightened as well, further crippling sentiment and economic activity in the region
  • EU vaccination program is hitting roadblocks as opposition for the AstraZeneca vaccine increases


Technical Snapshot

  • Long-term trend strength analysis paints a mixed picture for euro pairs
  • EUR/CHF, EUR/JPY and EUR/USD could be in for more gains based on this indicator
  • Stochastic suggests that most EUR pairs are in for gains, with EUR/AUD, EUR/NZD, EUR/CAD, and EUR/GBP all in the oversold region
  • EUR/CHF is looking overbought while the rest are in the neutral area
  • As for CHF pairs, the same oscillator places majority in the overbought zone
  • Only USD/CHF and CHF/JPY aren’t showing clear momentum for now