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.
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.
