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.
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.
