The EUR/CHF pair bounced at the open on Thursday, and found itself testing the 1.0850 level. This is a market that looks ready to go much higher, as the
The EUR/CHF pair bounced at the open on Thursday, and found itself testing the 1.0850 level. This is a market that looks ready to go much higher, as the 1.08 level is massively supportive. That being the case, if we get pullbacks and show signs of support, we can be buyers. On the other hand, if we can break above the top of the range for the session on Thursday, we feel that this market can be bought as there is so much in the way of support just below. Ultimately, we fully anticipate seeing this market go to the 1.10 handle.
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.
