The EUR/CHF pair touched the 1.10 level during the day on Thursday, but at this point in time it doesn’t look like it’s ready to quite breakout. Once it
The EUR/CHF pair touched the 1.10 level during the day on Thursday, but at this point in time it doesn’t look like it’s ready to quite breakout. Once it does though, and the daily close above that level happens, it’s very likely that we will continue to go higher. Pullbacks at this point in time would just be returned the consolidation and we still feel that bullish pressure underneath should continue to keep this market going higher after pullbacks. We have no interest in shorting, although we do recognize that the next couple of sessions could be somewhat bearish.
Chris is a proprietary trader with more than 20 years of experience across various markets, including currencies, indices and commodities. As a senior analyst at FXEmpire since the website’s early days, he offers readers advanced market perspectives to navigate today’s financial landscape with confidence.
