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

EUR/CHF - Euro Swiss Franc

EUR/CHF - Euro Swiss Franc

Short term (Intraday)

1,6173. 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 4H (Mataf Trend Indicator) is in a bullish configuration. The consolidation should continue. The price should continue to move in Bollinger bands. We won't take a position. The risk/reward ratio is too high to take a position..

Resistances
1,6180 - 1,6200
Supports
1,6140 - 1,6110
updated 29 avr 2008 12:42 GMT +02:00