Perhaps you have been asking yourself a very important question. What is this guy's business with EUR?
Now let me tell you . You see when Eur is not moving. It will affect the movement of every other currency.
You will observe that from the beginning of the week every currency has been consolidating. Why becausee EURusd is key to the movement of every pair.
Now let me tell you a little secret. Whatever affects EUR will affect every pair with CHF 95 % percent of the time. Please take note of this. Now for the EURusd i told you to be careful yesterday because of the trend line. Again we have to wait till tomorrow to see whether the trend line will be broken. Otherwise stay away from that pair.
The thing is Forex is fashioned in a way that EURusd is the propeller that moves other currencies. And until it moves i might not be trading any other pair for today. Just check the daily T.F to see what its doing today.
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