The EUR/CHF pair fell during the day on Tuesday, slicing below the 1.08 handle. However, we did find support just below there, so it’s probably only a
The EUR/CHF pair fell during the day on Tuesday, slicing below the 1.08 handle. However, we did find support just below there, so it’s probably only a matter of time before we get a supportive enough candle to start buying again. The Swiss National Bank has been active in this pair again recently, so therefore it has a little bit of an upward bias nonetheless. With this, we are buyers and simply waiting to see whether or not we get a supportive candle were move back above the 1.08 level in order to start going long again.
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.
