The EUR/CHF pair went back and forth during the day on Thursday as we continue to bang around in the previous consolidation area. With that being the
The EUR/CHF pair went back and forth during the day on Thursday as we continue to bang around in the previous consolidation area. With that being the case, the market should continue to favor the upside overall for the longer term, as we believe that the Swiss National Bank continues to support this pair. If we can break above the 1.09 level, we should then reach towards the 1.10 level. We buy pullbacks for short-term moves as well, and have no interest whatsoever in selling. This is the one place where we don’t mind buying the Euro.
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.
