EUR/CHF - Euro Swiss Franc, American Session - 18/02/09

By IBTimes Staff Reporter | February 18 2009 5:55 AM

1,4793. EUR CHF is in an downtrend directed by 1H exponential moving averages. EUR CHF is in a consolidation after the last bearish movement. The volatility is high. Bollinger bands are flat. ForexTrend 4H, daily (Mataf Trend Indicator) is in a bearish configuration. 1H ForexSto (Modified Stochastic) indicate a bullish pressure on EUR CHF. The consolidation should continue. The price should continue to move in 1,4700 / 1,4830 range.

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Resistances: 1,4830 - 1,4925
Supports: 1,4750 - 1,4700

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