USD/CHF - Dollar Swiss Franc, European Session - 16/05/08
1,0553. USD CHF is in a range between 1,0515 and 1,0600. USD CHF moves without trend and swings around exponential moving averages (EMA 50 and 100). The volatility is low. ForexTrend 4H (Mataf Trend Indicator) is in a bullish configuration. The price should continue to move in 1,0515 / 1,0600 range. We won’t take a position. The risk/reward ratio is too high to take a position..
- Resistances
- 1,0600 - 1,0650
- Supports
- 1,0515 - 1,0440
This entry was posted on Friday, May 16th, 2008 at 7:50 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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