The Purchasing Managers’ Index (PMI) in Switzerland declined to 46.9 in October, compared to 48.2 in September.
In the Asian session, at GMT0400, the pair is trading at 0.8860, with the USD trading 0.40% lower from yesterday’s close.
The pair is expected to find support at 0.8775, and a fall through could take it to the next support level of 0.8691. The pair is expected to find its first resistance at 0.8952, and a rise through could take it to the next resistance level of 0.9045.
Please see the attached chart below.