The EUR/CHF pair initially fell during the course of the session on Thursday, but continues to show strength as we broke above the 1.07 level. With this,
The EUR/CHF pair initially fell during the course of the session on Thursday, but continues to show strength as we broke above the 1.07 level. With this, we feel that the market continues to go to the 1.08 level, and perhaps even the 1.10 level given enough time. We think the pullbacks continue to offer buying opportunities on short-term charts, as the 1.06 level should now be essentially the “floor” in this market. We have no interest in selling, as the Swiss National Bank is working against the value of the Swiss franc, directly against the Euro.
EUR/CHF Forecast August 7, 2015, Technical Analysis
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.
