The EUR/CHF pair initially fell during the course of the session on Wednesday, but found enough support below to turn things back around and form a bit of
The EUR/CHF pair initially fell during the course of the session on Wednesday, but found enough support below to turn things back around and form a bit of a hammer. The hammer is just below the 100 day exponential moving average, and of course the 1.08 level which has been so important. If we can break above the 1.08 handle, we feel it clears enough resistance to bring buyers into this market and continue towards the 1.08 handle. If we can break above there, the market then reaches towards the 1.10 level.
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.
