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.
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.
