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EUR/CHF - Euro Swiss Franc, European Session - 17/11/08

16 Nov, 2008 @ 10:00 pm ET | written by Mataf


1,5048. 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 is low. Oscillators are neutral. The price should continue to move in 1,4760 / 1,5290 range. We won't take a position. The risk/reward ratio is too high to take a position..
Resistances
1,5120 - 1,5290
Supports
1,5000 - 1,4770

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

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