1,5576. EUR CHF is in an downtrend directed by 4H exponential moving averages. EUR CHF is in a consolidation after the last bearish movement. EUR CHF is in a range between 1,5540 and 1,5685. The volatility is low. ForexTrend 1H, 4H, daily (Mataf Trend Indicator) is in a bearish configuration. The price should find a resistance below 1,5600. The downtrend should continue to gather momentum.
=> We could take a short position at 1,5580. We will put the stop loss above 1,5620 (-40 pips). The targets are 1,5500 (+80 pips) 1,5420 (+160 pips). Each trade is dangerous, take care and put your stop loss. Trade configuration (1 Speculative -> 4 Trend following): 2.
1,5595 - 1,5670
1,5540 - 1,5485

Arnaud Jeulin