The EUR/CHF pair had a very volatile session during the day on Thursday, testing the 1.10 level above for resistance. It did end up finding it there, so
The EUR/CHF pair had a very volatile session during the day on Thursday, testing the 1.10 level above for resistance. It did end up finding it there, so this point in time we are simply sitting on the sidelines and waiting until we get above the 1.10 level, as it is the signal that we should continue to go much higher. On the breakout, we think it’s a longer-term move, and therefore we are very bullish. If we fall from here, we have to look at it as potential value that we can take advantage of.
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.
