The EUR/CHF pair initially fell during the course of the session on Friday, but found enough support at the 1.08 level to turn things back around and form
The EUR/CHF pair initially fell during the course of the session on Friday, but found enough support at the 1.08 level to turn things back around and form a bit of a hammer. We have formed several hammers in a row, so quite frankly we feel that this market will eventually go higher, reaching towards the 1.09 level. Every time this market pulls back there, we think it is a buying opportunity as well, as the Euro continues to strengthen against the Swiss franc. There is no selling scenario as far as we can see.
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.
