The EUR/CHF pair went back and forth during the course of the day on Monday, as we continue to hover around the 1.08 handle. With this, it’s very likely
The EUR/CHF pair went back and forth during the course of the day on Monday, as we continue to hover around the 1.08 handle. With this, it’s very likely that the market will go sideways in the short-term. However, I believe that the area offers quite a bit of support, so a break above the range for the day could be reason enough to start going long. We should target the 1.09 level, and then the 1.10 level after that. Regardless, the one thing that we can see is that there is a massive amount of support here.
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.
