The EUR/CHF pair had a very volatile session, initially surging higher but then turned back around to form a very negative candle. By doing so, it looks
The EUR/CHF pair had a very volatile session, initially surging higher but then turned back around to form a very negative candle. By doing so, it looks as if the market was going to turn around but by the end of the day we had quite a bit of support and we bounced to show signs of resiliency again. With this, we believe that the market continues to go higher given enough time, as the Swiss National Bank continues to work against the value of its own currency. With that, we are buyers and we believe that the market is heading to the 1.10 level above.
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.
