USDCHF broke resistance, will the EURUSD follow? @ Forex Factory

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USDCHF broke resistance, will the EURUSD follow?

Today, the USDCHF broke the range it traded in since the 27th of May, now it has no clear resistance level until 1.1232. Please take a look at the next chart: Full Story

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Raul Lopez

39 Submitted (73 total Useful votes)

3 Comments

43 Votes Cast

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Submitted Jun 24, 2009 7:10pm

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Jun 24, 2009 7:35pm

raczekfx

27 Comments

287 Votes Cast

why wouldn't you pick eur/usd?

Jun 24, 2009 9:27pm

Raul Lopez

3 Comments

43 Votes Cast

raczekfx,

Because the USDCHF is more bullish than the EURUSD is bearish (the USDCHF already broker the main resistance, the EURUSD is on its way... yet).

Regards,

Raul Lopez