Euro Swiss Franc (EUR/CHF) - 29/04/2008 - Archive

EUR/CHF - Euro Swiss Franc

EUR/CHF - Euro Swiss Franc

Short term (Intraday)

1,6188. EUR CHF is in an uptrend supported by 4H exponential moving averages. EUR CHF is in a consolidation after the last bullish movement. The volatility is low. Bollinger bands are flat. ForexTrend 1H, 4H (Mataf Trend Indicator) is in a bullish configuration. The price should find a support above 1,6140. The consolidation should continue. We won't take a position. The risk/reward ratio is too high to take a position..

Resistances
1,6200 - 1,6250
Supports
1,6175 - 1,6140
updated 29 avr 2008 05:45 GMT +02:00

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