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.
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.
