The EUR/CHF pair went back and forth during the course of the session on Thursday, forming a fairly neutral candle. It looks as if the 1.09 level above
The EUR/CHF pair went back and forth during the course of the session on Thursday, forming a fairly neutral candle. It looks as if the 1.09 level above will continue to be resistive, and as a result we believe the pullback is possible. However, a break above the top of the range for the day should send this market looking for the 1.10 handle. Regardless, we have no interest in selling, because we see so much in the way of support below near the 1.08 handle. Ultimately, we think the buyers win out.
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.
