The EUR/CHF pair fell significantly during the day on Monday, but found enough support to turn things back around and form a relatively supportive looking
The EUR/CHF pair fell significantly during the day on Monday, but found enough support to turn things back around and form a relatively supportive looking bounce. Ultimately, there is quite a bit of support down at the 1.10 level below as well, so this point time we are looking for supportive candles or bounces in order to start going long. We have no interest in selling this market, and believe that the 1.10 level will essentially be the “floor” in this market going forward. The 1.12 level should be targeted in the near future.
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.
