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USD/CHF - Dollar Swiss Franc, European Session - 14/11/08

14 Nov, 2008 @ 12:20 am ET | written by Mataf


1,1890. USD CHF is in an uptrend supported by 1H exponential moving averages. USD CHF is in a consolidation after the last bullish movement. The volatility is high. Bollinger bands are flat. ForexTrend 4H, daily (Mataf Trend Indicator) is in a bullish configuration. The price should find a resistance below 1,2000 (110 pips). The consolidation should continue. The price should continue to move in Bollinger bands. We won't take a position.
Resistances
1,1915 - 1,2000
Supports
1,1825 - 1,1700

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

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