EUR/CHF - Euro Swiss Franc, European Session - 25/06/08

By IBTimes Staff Reporter | June 24 2008 11:09 PM

1,6214. EUR CHF is in a range between 1,6150 and 1,6240. 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 (Mataf Trend Indicator) is in a bullish configuration. The uptrend should continue on 1,6270 (55 pips) resistance. We won't take a position. The risk/reward ratio is too high to take a position..

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Resistances: 1,6220 - 1,6240
Supports: 1,6200 - 1,6150

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