Eur and Chf
Suggest moving to atleast breakeven stop on eur trade from 14625-30 and chf from 11370-85. If 146-14595 is not broken on downside test, suggest closing trade for 20-30 pips and chf for 30 pips.
Update
Markets still thin producing squeezes so still suggest caution. Sell eur in front of 14625-30 and buy usd/chf in front of 11370-85.
Eur and Chf
For aggressive traders only because of market conditions. Selling eur in 14570’s and buying usd/chf in 11420’s. Update later targets.
News Reaction
Markets reacting to news of Pakistans Benazir Bhutto getting killed in a suicide bombing this morning eastern time. Some suggesting Al quada involved. Once market settles this could provide good levels to add to usd long positions. The closer short to 146 on eur the better, The usd/chf has initial support at 11425-30.
Happy New Year
Wishing you a happy new prosperous year in your pursuit of trading. Personally the trade trigger will probably not be used till the 2nd or 3rd of Jan. Unless something just cant be passed up its not worth the risk in this market environment. Once the new year gets kicked back in with full liquidity…