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.
Being FXEmpire’s analyst since the early days of the website, Chris has over 20 years of experience across various markets and assets – currencies, indices, and commodities. He is a proprietary trader as well trading institutional accounts.
