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.
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.
