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.
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.
