The EUR/CHF pair fell initially during the day on Tuesday but turned back around to form a hammer. The hammer of course is a very bullish sign, and as a
The EUR/CHF pair fell initially during the day on Tuesday but turned back around to form a hammer. The hammer of course is a very bullish sign, and as a result we are buyers on a break above the top of the hammer and recognize that we will probably try to worker way back to the 1.10 level given enough time. Regardless, we have no interest whatsoever in selling this market, and with that we will look for buying opportunities again and again. If we can finally break above the 1.10 level, that is a longer-term buy-and-hold situation.
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.
