Its been a while since the last time I took a trade in the EURCHF, I stopped trading it because it traded in a very tight range for about 2 months (I’m talking about a 30 or 40 pip range). But now it is trading in a very clear market condition, gets rejected consistently from important S&R levels, etc.
Right now, the EURCHF is trading at an important level, and the short term range is determined by the green levels:
I will wait for the EURCHF to break either side of the range and I’ll start trading in the direction of the break out.
Tags: EURCHF Analysis