USD/CHF dipped slightly during the Thursday session as the stock markets around the world were generally positive. The pair did bounce back though, and is
USD/CHF dipped slightly during the Thursday session as the stock markets around the world were generally positive. The pair did bounce back though, and is forming a third hammer in a row on the daily chart. Although the time of year makes most moves suspect, it is worth noticing three hammers in a row at such an obvious support level as 0.93, and as such we still prefer to buy this pair, and think that we go much higher next year.
USD/CHF Forecast December 23, 2011, Technical Analysis
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.
