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.
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.
