EUR/CHF pair broke higher during the day on Tuesday as we continue to see quite a bit of support just below the 1.08 level. Keep in mind that the Swiss
EUR/CHF pair broke higher during the day on Tuesday as we continue to see quite a bit of support just below the 1.08 level. Keep in mind that the Swiss franc continues to look very soft in general, as the Swiss are unfortunately stuck dealing with the European Union and all of its problems. Pullbacks on short-term charts should be buying opportunities, and a break above the 1.0850 level could be thought of as a buying opportunity. However, you have to keep in mind that it will be volatile and therefore it is difficult to hang onto the trade unless you look at the market from a longer-term perspective.
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.
