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
