About time to trade both, the EURUSD and the USDCHF

Written by Raul Lopez on May 14, 2012. Posted in Trades & Analysis

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

Tags: EURUSD Analysis, forex, USDCHF analysis

Raul Lopez

I've been trading the markets for more than 12 years. All my trades are based on price action. Check out my Coaching program, I can help you develop a system that helps you trade with better results.