Euro Swiss Franc (EUR/CHF) - 09/05/2008 - Archive

EUR/CHF - Euro Swiss Franc

EUR/CHF - Euro Swiss Franc

Short term (Intraday)

1,6171. EUR CHF is in an downtrend directed by 15min exponential moving averages. Bollinger bands are parallel and form the trend. ForexTrend 1H (Mataf Trend Indicator) is in a bearish configuration. The price should find a support above 1,6100 / 1,6150. The price should consolidate. We won't take a position. The risk/reward ratio is too high to take a position..

Resistances
1,6175 - 1,6200
Supports
1,6150 - 1,6100
updated 09 mai 2008 05:47 GMT +02:00

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