The EUR/CHF pair fell during the course of the day on Monday, as we reach towards the 1.08 level. This is an area that has been resistive in the past, so
The EUR/CHF pair fell during the course of the day on Monday, as we reach towards the 1.08 level. This is an area that has been resistive in the past, so it should now be supportive. We are looking for supportive candle in order to start going long, as the Swiss National Bank has been working against the value of the Swiss franc in this particular currency pair. Because of this, we are bullish and we have no interest whatsoever in selling, and a supportive candle is reason enough for us to start going long.
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.
