1,6157. EUR CHF is in an downtrend directed by 1H exponential moving averages. EUR CHF is in a consolidation after the last bearish movement. There is an horizontal range between 1,6100 and 1,6175. Support and resistance are given by Bollinger bands. Bollinger bands are flat. ForexTrend 4H (Mataf Trend Indicator) is in a bearish configuration. The price should find a resistance below 1,6175. The downtrend should continue to gather momentum.
[arbitrage EUR USD/ USD CHF] : We expect a bearish pressure on EUR USD and USD CHF..
1,6180 - 1,6250
1,6130 - 1,6100