Replies to post #6554 on FOREX TRADERS

[Mister Lava]

Your welcome. On the subject of market patterns -- a new pattern is forming on the USD/CHF which is setting off signals for me... over the past 24 hours the USD/CHF has been de-coupling from the EUR/USD.

Generally, the USD/CHF is the perfect inverse of the EUR/USD. This de-coupling is showing a pattern of traders and banks selling off U.S. dollars.

In addition, the EUR/USD has not been able to bust through the bottomside support for almost a month.

Again, these are signals and patterns that are further telling me to go long on the EUR/USD over the near and longer term.

I'm getting out of my short when I can get 20 pips, then I'm going long again on the EUR/USD.