The EUR/CHF pair fell slightly during the course of the session on Wednesday, but continues to simply hang about the 1.04 level. We believe the market
The EUR/CHF pair fell slightly during the course of the session on Wednesday, but continues to simply hang about the 1.04 level. We believe the market should eventually go higher, but the 1.05 level above should continue to be resistive. Ultimately, we think this is going to be a very tight market and therefore it’s difficult to be involved in. We have no interest in selling until we break down significantly below the last couple of candles, and certainly cannot buy until we break the top of the range over the last 3 sessions. Either way, expect a lot of volatility.
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.
