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Technicals

USD/CHF - Dollar Swiss Franc, European Session - 14/05/08

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14 May 2008 @ 01:51 am EST
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1,0546. USD CHF is in a range between 1,0400 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 1,0400 / 1,0600 range. We won't take a position. The risk/reward ratio is too high to take a position..
Resistances
1,0550 - 1,0600
Supports
1,0500 - 1,0400

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07/24/2008
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