The EUR/CHF pair initially fell during the course of the day on Wednesday, but bounced enough to form a bit of a hammer. By doing so, the market looks as
The EUR/CHF pair initially fell during the course of the day on Wednesday, but bounced enough to form a bit of a hammer. By doing so, the market looks as if it is going to continue to go higher and we are starting to find buyers after the initial breakout. We believe that this market will continue to go much higher, and therefore we really are bullish when it comes to this particular pair. It might be choppy, but we believe that this market will eventually recapture all the losses from the currency peg being removed.
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.
