The EUR/CHF pair fell during the course of the session on Friday, but we still remain well within the consolidation area that we have been in for some
The EUR/CHF pair fell during the course of the session on Friday, but we still remain well within the consolidation area that we have been in for some time. Ultimately, we feel that the market should bounce from here, perhaps heading towards the 1.09 handle. We have been consolidating between the 1.07 level on the bottom and the 1.09 level on the top recently, and at this point in time we feel that will continue to be the case going forward. That being said, we still have an upward bias over the longer term, as the Swiss National Bank continues to work in favor of this pair going higher.
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.
