The EUR/CHF pair tried to rally during the course of the day on Tuesday but found far too much in the way of resistance above the 1.08 level again. With
The EUR/CHF pair tried to rally during the course of the day on Tuesday but found far too much in the way of resistance above the 1.08 level again. With this, we formed a shooting star just as we did on Monday. Ultimately, we feel this market is not ready to go anywhere so we are simply sitting on the sidelines. We do think ultimately this market will break out to the upside, but right now it’s not worth risking any money as the market simply goes back and forth and chops around this large number.
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.
