Starting the week

News Events: Other than the Swiss Unemployment Rate being released on Wednesday morning this is a quiet week for data. The unemployment probably wont have much of an impact on the EURCHF but keeping track of upcoming news events is very important for any trader, especially a currency trader.

Technical View: The EURCHF seems to be in a short-term range of 1.5175 to 1.5250. The former is the low from 7/2, which is the lowest point achieved by the shorts since the big move up on 6/24. The longs haven't been able to push the pair past 1.5250 since late session on 7/1.

Open Positions: I have 2 positions open at 1.5261 and 1.5194 respectively. The target for the 2nd position is 1.5250 which was hit on Friday morning but I left it open to see just how far some buy side interest could push the pair considering the extremely low volume of a holiday weekend in the U.S.