The EUR/CHF pair fell during the session on Thursday, but bounced yet again in order to form a hammer. This is a market that looks very well supported, as
The EUR/CHF pair fell during the session on Thursday, but bounced yet again in order to form a hammer. This is a market that looks very well supported, as we continue to hug the 100 day exponential moving average. The 1.08 level of course has been supportive in the past, and it should continue to be an area of interest. If we can break above there, we feel that this market will then reach towards the 1.09 level, followed by the 1.10 level after that. We have no interest in selling, and recognize that every time this market pulls back it offers a short-term buying opportunity.
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.
