CHF Retail Sales y/y: 0.3% v 0.0% expected and -0.1% previous

Swiss data after the holiday yesterday

A couple of Swiss numbers one after the other:

  • CHF Retail Sales y/y: 0.3% v 0.0% expected and -0.1% previous
  • CHF Manufacturing PMI: 61.9 v 60.8 expected and 61.6 previous

Higher time frame:

  • Rejected off resistance
  • Could also be seen as a point to draw a flag

Intraday:

  • That stepping pattern <3
  • Retesting previous short term support as resistance after higher time frame resistance holds. Key price action.

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