1,6318. EUR CHF is in an uptrend supported by 1H exponential moving averages. EUR CHF is in a consolidation after the last bullish movement. The volatility is high. Bollinger bands are parallel and form the trend. ForexTrend 1H, 4H (Mataf Trend Indicator) is in a bullish configuration. 4H ForexSto (Modified Stochastic) indicate a bullish pressure on EUR CHF. The price should find a support above 1,6265. The uptrend should continue to gather momentum.
=> We could take a long position at 1,6315. We will put the stop loss below 1,6280 (-35 pips). The targets are 1,6360 (+45 pips) 1,6400 (+85 pips). Each trade is dangerous, take care and put your stop loss. Trade configuration (1 Speculative -> 4 Trend following): 3.

updated 07 mai 2008 05:41 GMT +02:00