1,6607. There is an horizontal range between 1,6580 and 1,6625. Support and resistance are given by Bollinger bands. EUR CHF moves without trend and swings around exponential moving averages (EMA 50 and 100). The volatility is low. Bollinger bands are flat. ForexTrend 4H (Mataf Trend Indicator) is in a bullish configuration. The price should continue to move in Bollinger bands.
[arbitrage EUR USD/ USD CHF] : We expect similar (inverted) moves on EUR USD and USD CHF..
1,6625 - 1,6640
1,6580 - 1,6570