The EUR/CHF pair broke down during the course of the session on Wednesday, testing the 1.08 level. That’s a significant support level that has been
The EUR/CHF pair broke down during the course of the session on Wednesday, testing the 1.08 level. That’s a significant support level that has been challenge several times, and extends all the way down to the 1.0750 level. Any type of supportive candle should be a buying opportunity as the Swiss National Bank has been working against the value of its own currency lately. However, we also have a very soft Euro at the moment, so we need to see a nice supportive daily candle before we get bothered with getting involved in buying this market.
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.
