Thursday, June 4, 2009

What I'm Watching Now - EUR/CHF

You can see that the Euro/Swiss has been trading in a pretty tight range for the last several weeks (see Daily Chart to the right). I expect that the pair will break out of the consolidation pattern it is now in and will move strongly in one direction or the other. I'll probably trade it on the hour chart, but will be watching it closely in multiple time frames. If I see something develop, I'll post it here.

Happy Trading!