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.
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.
