» EUR/CHF - Euro Swiss Franc, European Session - 16/05/08

1,6335. EUR CHF is in a consolidation after the last bullish movement. The price is just bellow 1,6350 resistance. The volatility is low. Bollinger bands are flat. ForexTrend 1H, 4H (Mataf Trend Indicator) is in a bullish configuration. 1H, 4H ForexSto (Modified Stochastic) indicate a bullish pressure on EUR CHF. The price should find a resistance below 1,6350. The consolidation should continue. If the support is broken then the target will be 1,6380 (45 pips). We won’t take a position. The risk/reward ratio is too high to take a position..