The euro is trading in a relatively narrow range of about 50 pips against the US dollar. It seems nothing much is going to happen until tomorrow’s NFP, the market rattler.
The EUR/USD forex pair is changing hands now at 1.2825.
It’s 08:10am GMT. I just noticed my USD/CHF long position’s stop has been hit. So, that’s a loss of 206 pips right there.
The hourly chart of the Swissy pair as of now:
The EUR/USD forex pair ended the week at 1.2733 with a ‘hesitant’ daily candlestick. Friday’s European trading session was extremely boring, but then Mr. Bernanke opened his mouth at 14:00 GMT and rattled the markets, first down to 1.2676 then up to 1.2778, to close at 1.2733. What this means is that either what he said amounts to ‘not much’ at the end of the day, or forex speculators just ‘did their Friday morning roller coaster thing’. Whatever it is, I am holding my EUR/USD short as I think we are right now at the top of the second correction of the downtrend, which started at 1.3332.
Here’s the daily chart:
Holy s…! I definitely picked the right time to enter but unfortunately not in the right direction 
The Swiss franc is freaking me out. What’s so good about the Swiss? Yea, the Alps, great watches and Milka chocolates… but does it justify such a move? ha ha
Here’s the USD/CHF hourly chart as of now:
It’s 06:05am GMT. I bought US dollar / Swiss franc at 1.0416
Stop Loss: set as per my trading plan
Target: Open (not set yet)
The daily chart of USD/CHF as of now:
