1,5668. EUR CHF is in an downtrend directed by 4H exponential moving averages. EUR CHF is in a consolidation after the last bearish movement. The price is just bellow 1,5700 resistance. The volatility is low. Bollinger bands are flat. ForexTrend daily (Mataf Trend Indicator) is in a bearish configuration. 1H, 4H ForexSto (Modified Stochastic) indicate a bullish pressure on EUR CHF. The price should find a resistance below 1,5680 / 1,5700. The downtrend should continue to gather momentum.
=> We could take a short position at 1,5665. We will put the stop loss above 1,5710 (-45 pips). The targets are 1,5560 (+105 pips) 1,5450 (+225 pips). Trade configuration (1 Speculative -> 4 Trend following): 2.
1,5700 - 1,5750
1,5600 - 1,5565