1,6220. EUR CHF broke 1,6260 support. EUR CHF is in an uptrend supported by 4H exponential moving averages. The volatility is high. Bollinger bands are parallel and form the trend. 1H, 4H ForexSto (Modified Stochastic) indicate a bearish pressure on EUR CHF. The consolidation should continue. The price should continue to move in 1,6160 / 1,6300 range. We won't take a position. The risk/reward ratio is too high to take a position..

updated 08 mai 2008 05:35 GMT +02:00