1,5603. EUR CHF is in an downtrend directed by 4H exponential moving averages. EUR CHF is in a consolidation after the last bearish movement. The volatility is low. Bollinger bands are flat. ForexTrend 4H, daily (Mataf Trend Indicator) is in a bearish configuration. The price should find a resistance below 1,5640. The downtrend should continue to gather momentum.
=> We could take a short position at 1,5610. We will put the stop loss above 1,5640 (-30 pips). The targets are 1,5540 (+70 pips) 1,5500 (+110 pips) 1,5400 (+210 pips). Each trade is dangerous, take care and put your stop loss. Trade configuration (1 Speculative -> 4 Trend following): 2.
1,5615 - 1,5640
1,5565 - 1,5545