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.
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.
