Open trading account 
Hey All,
I hope you had a nice day off of the markets. It was an official holiday in many countries, including the UK and USA where the markets are usually deepest. However, I expect tomorrow to be quite interesting day for trading. The DOW could not pass through the 20K price last year which also triggers my attention during the first month of the new year. I am still tracking the EUR/USD and also the USD/CHF. The EUR/USD lost 0.40% today but that was anticipated. I see the drop as more related to lack of interest than selling pressure. The story is quite interesting for the USD/CHF as well. The parity finished the year above parity and is currently staying there as well. As you can see, the pair is trading broadly above the 200 Day MA . However, lat Friday we saw a significant drop which might be the first sign that the pair is losing momentum. I would also like to mention that the correlation between the EUR/USD and USD/CHF is slightly above 0.60 which offers a good trade.
Best Wishes,
Georgi
I hope you had a nice day off of the markets. It was an official holiday in many countries, including the UK and USA where the markets are usually deepest. However, I expect tomorrow to be quite interesting day for trading. The DOW could not pass through the 20K price last year which also triggers my attention during the first month of the new year. I am still tracking the EUR/USD and also the USD/CHF. The EUR/USD lost 0.40% today but that was anticipated. I see the drop as more related to lack of interest than selling pressure. The story is quite interesting for the USD/CHF as well. The parity finished the year above parity and is currently staying there as well. As you can see, the pair is trading broadly above the 200 Day MA . However, lat Friday we saw a significant drop which might be the first sign that the pair is losing momentum. I would also like to mention that the correlation between the EUR/USD and USD/CHF is slightly above 0.60 which offers a good trade.
Best Wishes,
Georgi
