The EUR/CHF pair broke higher during the course of the session on Friday, clearing the 1.09 level. This is a market that should continue to grind itself
The EUR/CHF pair broke higher during the course of the session on Friday, clearing the 1.09 level. This is a market that should continue to grind itself higher though, reaching towards the 1.10 level after that. If we can break above the 1.10 level, the market should then continue to go much higher as the market will be free to go all the way to the 1.20 level given enough time. At this point in time, we look at pullbacks as buying opportunities as well, and the 1.0750 level seems to be the “bottom” of the market.
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.
