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We had a bullish market on Friday after the NFP. The downmove from Fitch was a bit too much as we had other downgrades for Italy and Spain before. But Friday is not the big risk taker day...
So we had a nice pullback to start the week.
And Merkosy did speak better than expected. What they will deliver is another story. And Dexia is OK.
When I look at the chart then we should stop now. I am flat.
I have it on my two trading charts. No statistics before/after but I believe that it helps my account.
It is really mantra style. Repeat, repeat, repeat...
We reached second resistance level (3650).
I was bullish when we opened this morning. But did not think to reach this level today.
The 3650 looks hard to pass and even harder to go back a few ticks.
USDCHF down 2.4% today
