The EUR/CHF pair fell during the course of the day on Monday, testing the 1.0850 level. With this, it appears of the market is probably going to continue
The EUR/CHF pair fell during the course of the day on Monday, testing the 1.0850 level. With this, it appears of the market is probably going to continue to drop a bit, perhaps reaching towards the 1.08 handle below. We think that there is more than enough support start buying at a lower level though, so therefore we like buying supportive candles as they appear. Ultimately, we feel that this market then goes to the 1.10 level, and once above there it can continue to go much higher than that as it would send the market much higher after the breakout.
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.
