this currency bottomed a month or so ago on 2 good cycles. I expected a good rally and got sideways instead. So, must be very careful if this breaks the weekly low of 1.1102 (The charts here say).
That would indicate a new down leg to last until the last week in May to a price of around 1.01 on nearest futures.
As long as the low holds, it's okay...just disappointing.
like the CHF/EUR spread beginning this Friday into the following week as a possible window. Could get it both ways. safest way to trade is to wait to see if the spread turns around over the next little bit. since this could be an active week, would be cautious of jumping in too soon...lol.
lots of things coming together now in harmony.
icd
