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EUR/CHF - Euro Swiss Franc, European Session - 14/11/08

13 Nov, 2008 @ 11:38 pm ET | written by Mataf


1,5132. EUR CHF is in a consolidation after the last bullish movement. EUR CHF moves without trend and swings around exponential moving averages (EMA 50 and 100). The volatility decreases. Bollinger bands are tightened. ForexTrend 1H (Mataf Trend Indicator) is in a bullish configuration. The consolidation should continue. The price should continue to move in 1,5050 / 1,5300 range. We won't take a position.
Resistances
1,5230 - 1,5300
Supports
1,5120 - 1,5050

For more forex information, go to www.mataf.net

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