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Technicals

USD/CHF - Dollar Swiss Franc, European Session - 09/07/08

08 Jul, 2008 @ 10:35 pm EST
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1,0285. USD CHF is in a range between 1,0225 and 1,0350. USD CHF moves without trend and swings around exponential moving averages (EMA 50 and 100). The volatility is high. Oscillators are neutral. The price should continue to move in 1,0225 / 1,0350 range. We won't take a position. The risk/reward ratio is too high to take a position..
Resistances
1,0300 - 1,0350
Supports
1,0250 - 1,0225

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