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EUR/CHF - Euro Swiss Franc, European Session - 19/11/08

19 Nov, 2008 @ 12:09 am ET | written by Mataf


1,5250. EUR CHF is in an uptrend supported by 1H exponential moving averages. The volatility is low. Bollinger bands are parallel and form the trend. ForexTrend 1H (Mataf Trend Indicator) is in a bullish configuration. 1H, 4H ForexSto (Modified Stochastic) indicate a bullish pressure on EUR CHF. The price should find a resistance below 1,5300 (50 pips). If the resistance is broken then the target will be 1,5580 (330 pips).
We are waiting for a break of the resistance to take a long position.
Resistances
1,5270 - 1,5300
Supports
1,5160 - 1,5105

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

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