The EUR/CHF pair finally broke above the 1.08 handle, and now looks ready to go much higher. We believe that short-term pullbacks will offer buying
The EUR/CHF pair finally broke above the 1.08 handle, and now looks ready to go much higher. We believe that short-term pullbacks will offer buying opportunities as the market should continue to head towards the 1.10 handle. With the Swiss National Bank working against the value the Swiss franc in this particular market, it makes sense that we continue higher. We have no interest in selling, and quite frankly look at every selling move as potential value waiting to be picked up for longer-term traders. With this, we fully anticipate seen this market reach towards the 1.10 level given enough time.
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.
