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.
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.
