The EUR/CHF pair rose, and then fell on Thursday as traders sold off the Euro. The pair is supported by the Swiss National Bank’s “line in the sand” at
The EUR/CHF pair rose, and then fell on Thursday as traders sold off the Euro. The pair is supported by the Swiss National Bank’s “line in the sand” at 1.20. Because of this, the pair stayed afloat in comparison to the EUR in general. The pair does look like it wants to fall apart, but the SNB will certainly get involved if it falls too far. Because of this, we cannot sell, but it appears buying isn’t possible now either. We will simply continue to monitor this pair and wait for any buy signals.
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.
