As I mentioned last week, USDCHF
looks heavy and today we have reached an important area. The triangle there might be already broken to the downside but that alone does not really intrigue me. We all know that USDCHF
tend to move in opposite directions and that makes this break very-very interesting as on Thursday we have the usual ECB press conference and this might be the first clue of what to expect from that event ( EURUSD
higher). But right now it is just a speculation, because we have plenty of time before the actual event. Watching closely.