The EUR/CHF pair broke higher during the course of the day on Wednesday, testing the 1.0850 level. We believe that this market ultimately goes higher
The EUR/CHF pair broke higher during the course of the day on Wednesday, testing the 1.0850 level. We believe that this market ultimately goes higher based upon Swiss National Bank intervention and meddling, but we also recognize that it will be a slow grind. After all the Euro is struggling to say the least, so although we are very bullish of this market, we recognize that moves will take quite a bit of time to pan out. We have notched in selling, there is an obvious support barrier near the 1.0750 level below.
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.
