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Technicals

Forex Center > News > Technicals

EUR/CHF - Euro Swiss Franc, European Session - 28/07/08

27 Jul, 2008 @ 10:11 pm ET

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1,6277. EUR CHF is in a range between 1,6225 and 1,6310. The volatility decreases. Bollinger bands are tightened. ForexTrend 1H, 4H (Mataf Trend Indicator) is in a bullish configuration. The price should continue to move in 1,6225 / 1,6310 range. If the resistance is broken then the target will be 1,6480.
=> We could take a long position at 1,6225. We will put the stop loss below 1,6200 (-25 pips). The targets are 1,6275 (+55 pips) 1,6310 (+85 pips). Each trade is dangerous, take care and put your stop loss. Trade configuration (1 Speculative -> 4 Trend following): 2.

Resistances: 1,6310 - 1,6360
Supports: 1,6260 - 1,6230