If you think the EURUSD range is narrow this week, look at the USDCHF.

30 pips so far this week….
I know it is only Tuesday and the market is gearing up for the US employment report on Friday, but the USDCHF is barely trading. In an earlier post, I pointed out the EURUSD trading range through 1 2/3 days of trading this week is 46 pips. Well the range of for the USDCHF is only 30 pips.  Yesterday’s range was 30 pips. Today, we have the same high as yesterday but a higher low.  We sit near the middle of that trading range.  The good news is we are not far away from a break and extension on both the upside and the downside.