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USD/CHF - Dollar Swiss Franc, European Session - 17/11/08

16 Nov, 2008 @ 10:24 pm ET | written by Mataf


1,1969. USD CHF is in an uptrend supported by 1H exponential moving averages. The volatility is high. ForexTrend 1H, 4H, daily (Mataf Trend Indicator) is in a bullish configuration. 1H ForexSto (Modified Stochastic) indicate a bullish pressure on USD CHF. The price should consolidate. The price should find a resistance below 1,2000 (31 pips). We won't take a position. The risk/reward ratio is too high to take a position..
Resistances
1,2000 - 1,2050
Supports
1,1940 - 1,1825

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

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