The EUR/CHF pair initially rallied during the session on Monday but turned back around as we reached towards the top of the larger consolidation area. The
The EUR/CHF pair initially rallied during the session on Monday but turned back around as we reached towards the top of the larger consolidation area. The result of course was a shooting star which is bearish, so it’s possible we may pullback from here. A break below the bottom of the shooting star is reason enough to start selling for short-term trade, but nothing more than mine as we expect quite a bit of volatility in what is a very tight range bound market. With this, we don’t really have a scenario that we want to start buying in.
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.
