1,6074. EUR CHF is in a range between 1,6040 and 1,6110. EUR CHF moves without trend and swings around exponential moving averages (EMA 50 and 100). The volatility is low. Bollinger bands are flat. ForexTrend 1H (Mataf Trend Indicator) is in a bearish configuration. The price should continue to move in Bollinger bands. The price should find a support above 1,6000 / 1,6030. If the support is broken then the target will be 1,5600.
We are waiting for a break of support to take a short position.
Resistances
1,6090 - 1,6110
Supports
1,6040 - 1,6000