EUR/CHF, USD/CHF await quiet European session with minor data releases

European markets face a light data calendar today, with only Swiss PPI and Eurozone Industrial Production scheduled for release. These low-tier indicators are unlikely to significantly impact currency movements or alter central bank policies. The Swiss National Bank held rates unchanged last week as expected, while slightly downgrading 2026-2027 inflation forecasts, suggesting a cautious outlook for the Swiss franc. EUR/CHF continues to trade near recent ranges around 0.9350, while USD/CHF hovers near 0.8850 levels. With no major economic catalysts, both pairs are expected to see limited volatility during the European session. Traders may look to position ahead of next week's more substantial data releases, including key inflation figures from both regions. Technical traders should monitor established support and resistance levels for potential range-bound trading opportunities in the absence of fundamental drivers.