Hey, how was your weekend?

In a recent article I wrote about the EURUSD (and therefore the USDCHF). The way the EURUSD looked back then was terrible, no clear support and resistance levels, it was trading in an unclear and undefined range.

How on earth are we supposed to trade it that way?

But now things are different, the EURUSD broke through an important support level, and this puts it into a clear bearish condition. Let me show you my chart so you can see what I’m talking about:

Now you are with me, aren’t you? Or not?

So for now, I’m going to be looking for short opportunities on the EURUSD (and therefore I’ll also be looking for long opportunities on the USDCHF).

Are you with me?

Have a great week ahead!

Raul Lopez
Forex Training