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EUR/CHF Forecast August 7, 2015, Technical Analysis

By:
Christopher Lewis
Updated: Aug 7, 2015, 03:51 UTC

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,

EUR/CHF Forecast August 7, 2015, Technical Analysis

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
EUR/CHF Forecast August 7, 2015, Technical Analysis

About the Author

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.

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