The EUR/CHF pair fell during the course of the session on Wednesday, but continues to bounce around overall in the consolidation area that we have been
The EUR/CHF pair fell during the course of the session on Wednesday, but continues to bounce around overall in the consolidation area that we have been stuck in for several sessions out. After all, the 1.08 level looks to be a bit of a magnet for price, and as long as that’s the case, we are simply on the sidelines. We will continue to watch this pair here at FX Empire though, and we do admit that we have an upward bias. With that being the case, we will wait to see a fairly impulsive candle were an excellent supportive candle in order to start going long.
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.
