The EUR/CHF pair broke down during the day on Friday, but we remain above the vital 1.08 level that should act as support. Because of this, we need to see
The EUR/CHF pair broke down during the day on Friday, but we remain above the vital 1.08 level that should act as support. Because of this, we need to see a supportive candle in order to start buying again, but we certainly wouldn’t sell this market right now. The Swiss National Bank has been working against the value the Swiss franc clandestinely in this market, and we certainly do not want to work against that. Given enough time, we believe that this market goes much higher, offering is plenty of opportunities to add every time we dip.
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.
