The EUR/CHF pair fell rather significantly during the day on Wednesday, breaking all the way down to the 1.07 level. This is a market that of course
The EUR/CHF pair fell rather significantly during the day on Wednesday, breaking all the way down to the 1.07 level. This is a market that of course should continue to see quite a bit of support below though, as the Swiss National Bank have been working against the value the Swiss franc in general. This is especially true in this pair, and we believe that somewhere just below the current area we should see a significant amount of support. Once we get a supportive candle, we are buyers as we believe this pair will head back above the 1.08 handle shortly.
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.
