1,5590. 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 ForexSto (Modified Stochastic) indicate a bearish pressure on EUR CHF. 4H ForexSto (Modified Stochastic) crosses and gives a negative signal. The downtrend should continue to gather momentum.
=> We could take a short position at 1,5600. We will put the stop loss above 1,5650 (-50 pips). The targets are 1,5500 (+100 pips) 1,5450 (+150 pips). Each trade is dangerous, take care and put your stop loss. Trade configuration (1 Speculative -> 4 Trend following): 2.
1,5600 - 1,5650
1,5565 - 1,5450