EUR/CHF - Euro Swiss Franc, European Session - 11/06/08

By IBTimes Staff Reporter | June 10 2008 10:53 PM

1,6142. EUR CHF moves without trend and swings around exponential moving averages (EMA 50 and 100). The volatility is low. ForexTrend 4H (Mataf Trend Indicator) is in a bearish configuration. The price should continue to move in 1,6050 / 1,6150 range. We won't take a position.

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Resistances: 1,6150 - 1,6225
Supports: 1,6105 - 1,6050

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