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.
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.
