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.
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.
