The USD/CHF pair initially fell during the course of the session on Tuesday but found enough support just above the parity level to turn things back
The USD/CHF pair initially fell during the course of the session on Tuesday but found enough support just above the parity level to turn things back around and form a hammer like candle. We believe that this market continues to go higher based upon that, and as a result we are most certainly bullish and of buyers at current levels. Given enough time, we feel that this market has the potential to go much, much higher, as we have now reached a “buy-and-hold” type of mentality. With this, every time this market pulls back you have to think value.
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.
