The EUR/CHF pair initially fell during the day on Tuesday, but found enough buying pressure underneath the 1.08 level to turn things back around and
The EUR/CHF pair initially fell during the day on Tuesday, but found enough buying pressure underneath the 1.08 level to turn things back around and continue to go much higher. With this, the market has now broken above the 1.09 level, and now we should see this market reaching towards the 1.10 level. We are buyers overall, mainly because the Swiss National Bank continues to work against the value of the Swiss franc, and in this particular pair. We believe that this pair is now in an uptrend that should continue for quite some time going forward.
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.
