The EUR/CHF pair fell on Wednesday as traders continue to trade this market in a tight range. The Swiss National Bank is actively working against the
The EUR/CHF pair fell on Wednesday as traders continue to trade this market in a tight range. The Swiss National Bank is actively working against the appreciation of the Franc, and as a result we cannot sell. The market is basically good for just a handful of pips at any given moment, as in order to buy you would have to believe that EU and its problem are solved. Few truly believe this in our estimation – or the pair would absolutely take off. In the mean time, we are very much flat of this pair.
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.
