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.
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.
