The EUR/CHF pair ended a bearish week, and now with the start of 2012 the pair could return to trade with more volumes, especially when investors will return after the absence for the Christmas and New Year holidays.
Today the focus will be limited on Europe sinceSwitzerlandwill be out of the market, as eyes will be concentrated on the PMI manufacturing from the euro-area region andGermany; however, the pair is expected to move slightly as the volume is to remain low during the session today.
Germanywill start this week at 08:55 GMT with the final PMI Manufacturing index for December, where the manufacturing performance is expected unrevised at 48.1.
The euro zone will join this week at 09:00 GMT with the final PMI Manufacturing index for December, which is expected to linger at 46.9.
Switzerlandwill be on New Year’s DayHoliday.