The USD/CHF pair went back and forth during the course of the day on Monday, slamming into the 0.98 handle. With this, we feel that the market will
The USD/CHF pair went back and forth during the course of the day on Monday, slamming into the 0.98 handle. With this, we feel that the market will eventually break out to the upside and we are buyers above the 0.98 handle. However, we recognize that volatility will probably be the way going forward, so it’s not necessarily going to be an easy trade to take. We are buyers overall though, and have no interest whatsoever in selling as the Swiss National Bank continues against the value of the Swiss franc itself, pushing this pair higher.
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.
