1,6110. EUR CHF broke 1,6130 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 1H (Mataf Trend Indicator) is in a bearish configuration. 4H ForexSto (Modified Stochastic) indicate a bearish pressure on EUR CHF. The downtrend should continue to gather momentum. The price should find a resistance below 1,6130.
=> We could take a short position at 1,6110. We will put the stop loss above 1,6150 (-40 pips). The targets are 1,6050 (+60 pips) 1,6000 (+110 pips). Each trade is dangerous, take care and put your stop loss. Trade configuration (1 Speculative -> 4 Trend following): 2.
1,6130 - 1,6195
1,6085 - 1,6050