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EURCHF – Just broke the range

The EURCHF was trading near a LT level (in a short term range in between 1.3271 and 1.3465). A few hours ago, it broke through the ST resistance level triggering a bullish market condition:

As long as the EURCHF keeps trading above 1.3465 I will be looking for long opportunities (all short will be ignored).

The next LT level is at 1.3791

Trade Safe!

Raul Lopez
Forex Training

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This entry was posted on Thursday, October 21st, 2010 at 3:07 pm and is filed under Technical. You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.

4 Responses to “EURCHF – Just broke the range”

  1. Ismael says:
    October 24, 2010 at 12:22 pm

    Es posible ver este comentario en espanol, Gracias

  2. Smitak111 says:
    October 22, 2010 at 7:28 pm

    this is a classic example of a currency pair behaving well…it is moving in the right direction..as expected
    thanks for the analysis…more trade set-ups like this will keep everyone smiling :)
    have a good week-end..bye for now..regards Smi