The EUR/CHF pair fell on the session for Friday as the market rallied in several other “risk” pairs. This was odd, as the Euro exploded against so many of
The EUR/CHF pair fell on the session for Friday as the market rallied in several other “risk” pairs. This was odd, as the Euro exploded against so many of the other currencies. With this in mind, the EUR/CHF is the one that is being supported by a central bank – so why is it falling? We can’t sell this pair because of the Swiss National Bank and its need to push this pair up, but the fact that the Euro fell shows us that it is possible the Euro strength isn’t real. We might be able to buy this pair for a long-term trade, but only if the EU meetings produce something substantial.
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.
