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.
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.
