EUR/CHF pair fell slightly during the course of the day on Friday, as the 1.08 level offered too much resistance to continue going higher. However, we had
EUR/CHF pair fell slightly during the course of the day on Friday, as the 1.08 level offered too much resistance to continue going higher. However, we had a hammer on both Thursday and Wednesday, so this suggests to us that the market certainly has a lot of buying pressure underneath it. With this, we would be buyers above the 1.08 handle, as the market should then go towards the 1.10 level next. We have no interest in selling this market at this moment in time, mainly because of the previous 2 sessions.
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.
