The EUR/CHF fell, and then formed a hammer for the day as the pair bounced in the later hours of the US session. The coincided with rumor coming out of
The EUR/CHF fell, and then formed a hammer for the day as the pair bounced in the later hours of the US session. The coincided with rumor coming out of Europe that China was getting involved in the bailout fund, but the news so far at the US close is simply rumors. The EUR/CHF pair is being held up by the Swiss National Bank, so selling isn’t possible anyway. Simply put: If the Europeans can get it together, this pair rises. If not – it’s not a tradable pair at all.
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.
