EUR/CHF had a slightly bullish day for Monday, but fell towards the end of the trading session as traders started to pare back bets in the Euro. The Euro
EUR/CHF had a slightly bullish day for Monday, but fell towards the end of the trading session as traders started to pare back bets in the Euro. The Euro fell in the last hours of US trading all around, and this pair was no different. Remember, the Swiss National Bank is threatening to defend the floor in this pair at 1.20, so its downside will be limited. Because of this, we want to buy, but only after Europe gets the debt crisis under control. The meeting on Wednesday could have that signal for us – however, we don’t dare do anything in this pair until after that.
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.
