The EUR/CHF pair initially fell during the day on Friday but turned back around in order to form a bit of a hammer. That being the case, the market looks
The EUR/CHF pair initially fell during the day on Friday but turned back around in order to form a bit of a hammer. That being the case, the market looks as if it is ready to go higher, and eventually reach towards the 1.09 level. Even if we fall from here, we expect a lot of support near the 1.08 handle, and the market should then continue to grind towards the 1.10 level as that is a target from previous sessions. We have no interest in selling, this market seems to be well supported 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.
