1,6065. There is an horizontal range between 1,6050 and 1,6110. Support and resistance are given by Bollinger bands. 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, 4H (Mataf Trend Indicator) is in a bearish configuration. The price should continue to move in Bollinger bands. The price should find a support above 1,6050. If the support is broken then the target will be 1,5600 (460 pips).
We are waiting for a break of support to take a short position.
1,6090 - 1,6150
1,6050 - 1,6010