The EUR/CHF pair bounced during the session on Thursday, using the 1.04 level as support. That being the case, we feel that the sellers will come back
The EUR/CHF pair bounced during the session on Thursday, using the 1.04 level as support. That being the case, we feel that the sellers will come back into play, as the 1.05 level above should be massively resistive. On the other hand though, if we break down below the bottom of the range for the session on Thursday, we feel that the pair will more than likely head down to the parity level given enough time. Regardless, we have no interest whatsoever in buying this pair, as the Euro continues to be very toxic.
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.
