We had the EURUSD and the USDCHF as non tradable for the past 3 or 4 weeks, you also know that both of them are inversely correlated, but something funny is going on today…
The EURUSD is still trading in the undefined range, I still have the Euro as non tradable, but the USDCHF is already out of that range, it is trading in a bearish market condition and I’m actually looking for short trade opportunities in the swissy:
USDCHF
As you can see the USDCHF is already trading below the undefined range…
We have an important announcement later today though, the interest rate for the US, I guess we’ll have to wait and see the impact of that announcement before looking for any opportunity.
Trade safe!
Raul Lopez
http://www.straightforex.com/
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