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.
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.
