The EUR/CHF pair broke higher during the course of the day on Tuesday, using the 1.06 level as a base in which to take off to the upside. If we can break
The EUR/CHF pair broke higher during the course of the day on Tuesday, using the 1.06 level as a base in which to take off to the upside. If we can break the top of the range for the session, we would be buyers as the market is being worked by the Swiss National Bank. Ultimately, this market should then head towards the 1.08 handle, and then perhaps the 1.10 level. With this, we believe that the pullbacks going forward should be buying opportunities, and we are very bullish of this pair, choosing to side with the Swiss central bank.
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.
