The EUR/CHF pair initially tried to rally during the course of the day on Monday, but turned back around to form a rather negative candle. However, we see
The EUR/CHF pair initially tried to rally during the course of the day on Monday, but turned back around to form a rather negative candle. However, we see quite a bit of support just below at the 1.08 region, and believe that the Swiss National Bank is still influencing this pair is much of the candle. We believe that it’s only a matter of time before we find enough support to turn things back around to start buying, so we are simply waiting for supportive candle below in order to do so.
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.
