Euro Swiss Franc (EUR CHF) analysis

updated analysis since 3 days

EUR/CHF - Euro Swiss Franc

EUR/CHF - Euro Swiss Franc

Short term (Intraday)

1,5878. EUR CHF broke 1,6000 support. EUR CHF is in an downtrend directed by 1H exponential moving averages. The volatility decreases. Bollinger bands are tightened. ForexTrend 4H (Mataf Trend Indicator) is in a bearish configuration. 4H ForexSto (Modified Stochastic) indicate a bearish pressure on EUR CHF. The downtrend should continue on 1,5600 support.
=> We could take a short position at 1,5880. We will put the stop loss above 1,5930 (-50 pips). The targets are 1,5760 (+120 pips) 1,5670 (+210 pips). Each trade is dangerous, take care and put your stop loss. Trade configuration (1 Speculative -> 4 Trend following): 3.

Resistances
1,5920 - 1,6000
Supports
1,5820 - 1,5750
Long term chart
EUR/CHF - Euro Swiss Franc
updated 05 sept 2008 09:58 GMT
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