USD/CHF - Dollar Swiss Franc, European Session - 09/05/08
1,0484. USD CHF is in an uptrend supported by 4H exponential moving averages. USD CHF is in a consolidation after the last bullish movement. USD CHF is in a range between 1,0470 and 1,0600. The volatility is high. Bollinger bands are parallel and form the trend. Oscillators are neutral. The consolidation should continue. If the support is broken then the target will be 1,0300. We won’t take a position. The risk/reward ratio is too high to take a position..
- Resistances
- 1,0530 - 1,0600
- Supports
- 1,0470 - 1,0430
This entry was posted on Friday, May 9th, 2008 at 8:03 and is filed under Uncategorized. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.
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