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.
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.
