Its CHF crosses time… again!

Yeah, that’s right… its CHF crosses time again… Most CHF crosses retraced back after the SNB intervention a few weeks ago, but as I said before, the market is the market, and it doesn’t matter what a central bank says, how many times they intervene, the market will always move based on supply and demand, and it looks like the demand for CHF crosses its increasing again…

Most CHF crosses got rejected from an important resistance level and looks like all of them will continue to appreciate. Take the EURCHF for instance:

The next support level is at 1.0245, more than 1000 pips (not a typo) from that level! So what am I going to do here: LOOK FOR SHORT OPPRTUNITIES!

Trade Safe!

Raul Lopez
Forex Training
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Raul Lopez

I've been trading the markets for more than 15 years. I believe the best way to trade is by adapting to the market conditions. You can learn it too, join our community .