The EUR/CHF pair fell again over the previous week. The pair looks like it is willing to go back and retest the 1.20 level. The area is a “floor” in this
The EUR/CHF pair fell again over the previous week. The pair looks like it is willing to go back and retest the 1.20 level. The area is a “floor” in this pair as the Swiss National Bank has announced that it can “no longer tolerate the EUR/CHF below the 1.20 level.” As a result, we think that will be the area to look for longer-term buy signals, but with all of the problems and news risk coming out of Europe, we think that the buy signal might be some time form here.
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.
