The EUR/CHF pair broke down during the course of the day on Friday, slicing below the 1.08 level during the session. However, we turned back around to
The EUR/CHF pair broke down during the course of the day on Friday, slicing below the 1.08 level during the session. However, we turned back around to form a hammer. The hammer of course is a very bullish sign, and a break above the top of that hammer should be a buying opportunity. We believe the market will go to the 1.09 level, and then the 1.10 level as well. At that point in time, we could go much higher, but regardless, we have no interest whatsoever in selling this market currently.
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.
