There are a few things I don’t like about the Forex market, or not that I don’t like, but I feel rather uncomfortable: like trading during important fundamental announcements…

But take a look at the market today, just after the FOMC Statement… Most majors, including the GBPUSD, EURUSD, USDCHF and the USDJPY broke through the medium term range they traded for more than a week, opening a whole new range of trading opportunities. That’s not bad is it?

So, right now what I see in the majors is:

EURUSD – Bearish bias
GBPUSD – Bearish bias
USDCHF – Bullish bias
USDJPY – Bullish bias

And that I like… trade opportunities, even if they come as a result of a fundamental announcements.

Cheers,

Raul Lopez
http://www.protradingnow.com/