The EUR/CHF pair initially fell during the course of the session on Monday, but continues to find support just below the 1.08 level to turn things back
The EUR/CHF pair initially fell during the course of the session on Monday, but continues to find support just below the 1.08 level to turn things back around and form a bit of a hammer. The hammer of course is a bullish sign, and with that we believe that the market will continue to go higher on a break above the top of the hammer, as it would show a continuation of the bullish momentum going forward as we should then reach towards the 1.09 level, then the 1.10 level after that.
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.
