EUR/CHF - Euro Swiss Franc, European Session - 06/01/09

By IBTimes Staff Reporter | January 05 2009 9:59 PM

1,5070. EUR CHF is in a consolidation after the last bullish movement. Bollinger bands are flat. ForexTrend 1H (Mataf Trend Indicator) is in a bullish configuration. 4H ForexSto (Modified Stochastic) indicate a bullish pressure on EUR CHF. The price should find a resistance below 1,5150 (80 pips). The consolidation should continue. We won't take a position.

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Resistances: 1,5145 - 1,5200
Supports: 1,5050 - 1,5000

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