EUR/CHF - Euro Swiss Franc, European Session - 02/03/09

 @ibtimes
on March 01 2009 10:52 PM

1,4760. EUR CHF broke 1,4780 support. EUR CHF is in a consolidation after the last bearish movement. The volatility is high. Bollinger bands are parallel and form the trend. ForexTrend daily (Mataf Trend Indicator) is in a bearish configuration. The downtrend should continue to gather momentum. The target is expected at 1,4650 (110 pips).

Resistances
1,4815 - 1,4880
Supports
1,4715 - 1,4650

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