The EUR/CHF pair fell initially during the course of the session on Wednesday, testing the 1.08 level for support. With this being the case, the market
The EUR/CHF pair fell initially during the course of the session on Wednesday, testing the 1.08 level for support. With this being the case, the market bounced enough to form a bit of a hammer, and with that it’s only a matter time before we reach towards the 1.09 level. We believe that ultimately this market will go higher, but we also anticipate quite a bit of volatility in this general vicinity. We believe that anytime this market pulls back, you have to start thinking about buying this pair, as the Swiss franc is so unloved.
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.